So I'm looking at the NDX monthly chart and I'm thinking, wow what a odd looking monthly candle pattern setting up for January and February. I bet that hasn't ever happened quite like that before. Then September and October 1998 says "Hello, remember this?" Not saying it means anything, just remarkable to see something very similar has occurred before.
Good find. As we all know, that October 1998 candle was the result of Greenspan's intervention in the markets during the LTCM crisis. We also know what followed in 99-00.
trying a small short on YM at 735, 40 point stop...probably no good since market took Jerome's words quite well.
bonds holding up well...might see new highs in the stock index futures...i may reverse the short. personally think it's a little overbought in the v short term though