Actually there are some very good counter-trend traders here (ammo, AMT and lescor, to name a few) and I've followed AMT and ammo in action and learned about what they do. THEY'RE good!
I can tell! I know they're good. Read a lot of their posts. Yoohoo's excellent as well. If you're ever interested go thru his posts. The "complete my chart" is just nuts (he posts his chart on page 3). Just an example. I noticed Xspurt's good too. Crazy part is, it works as good trend-following as it does counter-trend IMO.
Futures off 3.5 currently. I have some charts posted in elovemer's thread stating this area. In fact THAT resistance is the one that took us down back in Feb IMO. It's the only reason I don't have more patience for 1175 and Friday was the signal. We'll see though. I get stopped out I get stopped. It's 1%. I'm looking for 4-5+ on my last 1/2. Forgot to mention it's upward sloping hence the reason why it needed to break highs. (makes it more difficult and possibly shallow). Thing is there's gonna be a good number of stops triggered if this is it hopefully.
I didnât get âfall you turdâ at first, but now I do. You think Uncle Ben will give market an enema this week. I had no idea you thought the markets were constipated. Do you think he will stuff the interest rate syringe up the markets ass?
Looks like the big money is running for the hills as up move today was concentrated in "defensive" stuff.
The one day that it will fall, it will probably open up and not down...bears would have covered intraday.
Just put on your trade and shut up. If it falls it falls if it doesn't so what move on to the next thing. Why do we need to start threads like this? Obviously if you feel the need to start discussions of this nature you are concerned with your position and therefore should be out. Simple as that.