1:18pm EST ES @1040 Significant variance between YM and ES downside... YM @9560, ES @1007 Experience suggests this is how nice rallys begin. Flat, now looking/waiting for longside confirmation. Would have much rather seen a definitive test of the lows before this post, but you play the cards as dealt. For those that don't know me, this analysis is intraday only. Be safe Osorico
if at the end of the day you can show a blotter with actual profits, and atleast a 4 figure profit(given ur size) i will shut up.
L YM @9790 x1 Stop @9760 No HARD target, but 9990 is in sight if correct. Conviction baby. x1 LOL Osorico EDIT: stopped -30x1 Not selling the fresh lod however. I don't mind when proven wrong(or right) quickly.
this was holding overnight, but we blew through it like nothing on open. Lets see if we retrace back to close at that level, although i am not holding my breath. 1000 is the next strong support on many different levels. I agree with you that watch the volume to signal the end of liquidation. Still maintain that we will reach a bottom (for the next 2-3 months) once 1000 is hit, be interesting to see how fast the turn comes - whether it's a gap up or sideway+slow raise.
dont bother this guy only trade paper, some of the option traders were having lots fun with him in the past: http://www.elitetrader.com/vb/showthread.php?s=&threadid=136651 http://www.elitetrader.com/vb/showthread.php?s=&postid=2054604#post2054604
If a noob like me can do half decent with some common sense, ask yourself why anyone would need to take such unnecessary risk...this top/bottom picking is brutal and not the most profitable way to trade...