They popped up in the NQ today. They successfully defended the AH low three times (ES and YM made new lows), then got the bears to capitulate, riding their stops back up to the known 2300 resistance area. I'm looking for it to retest 2292, then head back for that 2340 area. As an aside, the YM often forms 100ish point intermediate pullbacks before continuing its trend. How far did it pullback from last night's high you ask before bottoming today? 100 pts.
Palm sweats at any sign of a short setup in AH or RTH tomorrow. Too much pushing in one direction only.
http://quantifiableedges.blogspot.com/2009/01/turnaround-tuesdays.html http://www.dailyspeculations.com/wordpress/?p=3143
The sweet smell of success and how easy it has been. Will go flat as soon as we take the highs or 1 minute before FOMC announcement whatever happens first. Then it's time to relax and wait for the next considerable dip to rinse and repeat until the market says no more. Thank you bears.
It use to swing 100 pts every 24 hours, lately thats come down a bit. Look at the average true range it's been dropping like a rock.