Nice trade! Classic case of buying when teh amateurs are waiting for 'the big drop' lol Catch you tomorrow
Screw it. Im joining the money makers! lol Only a small sub-account for this experiment. Long 1144! TP 1154
Ok, I'll have to watch those for a while. I checked out DXZ10 after your comment and it seems to lag movements on ESZ10 so far. Your note implied that declining dollar value has been a leading driver, and perhaps its the calculations going into DX that would make it lag a bit.
...and while we are waiting, just how do you know that at least a dozen of us are not backing your calls? After all they are very good! In the maintime, we are going to have a dragon watch on the daily cash chart. We just had a doubletop and falling, the Height is 26 pts, so the Failure zone should be around 1150-13= 1137 (cash) which is also the SMA 9 line with a possibility to bounce. Tomorrow will tell if we have a Failure with a 3rd top or not...
Substantiating Pekelo's observation... take a look at SPY volume today... and a considerable amount of the visible part of the volume stick was in the last hour of RTH...