Feb 5 Nite Trade. I took 1 car short @ 12280 which is not showing on executions scrn shots for the 5th or the 6th. i included IB confirms. first 4 lines match up to above post. Last 2 lines match to next post.
Feb 6 trades. Begin: 1 short open car @ 12280. End Flat. +58 +6 +38 -6 +6 +5 +5 +8 +4 = +124 tics. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1800655>
What happened at the end of the day Friday ? What made the markets zoom so high ? Bruce E: tradethetrend@sympatico.ca
Feb. 22 (Bloomberg) -- U.S. stocks rallied in the final 30 minutes of trading, helping the market post its second straight weekly gain, as speculation bond insurer Ambac Financial Group Inc. may be rescued overcame concern bank earnings will falter.
Amazing, isnt it. I was up over 600usd with my piker trading and then ....BOOM BOOM ... i was down 700$ :eek:
Feb 8 trades. Flat to begin. End flat. In FIFO order. +6 +3 +4 -11 +30 = +32tics <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1805575>
The media always has a reason for what happens in the markets. What really happened was that that both the DOW and the SP were at key levels. That's why the bottom could not be broken. I suspect that instituitional or hedgies started to buy at 3:30 as they had planned all afternoon. What made the market move was not the buying but the short covering. What's more this market is at a point where people will begin to FEAR they are going to miss out on a great buying opportunity so they will start to jump in at all costs. YM - Next stop 12,675 ES - 1387.75
YM has been ranging between 12100 and 12550 for a couple of weeks so 12675 is not out of the question next few days. Yeah, it sure looked like buying was was gonna take hold before the bell friday - in my case, i didnt expect it to start for another 15 min which is not unusual at all. Fear. Yes. Also confusion. indecision. Tues will be interesting.
Both of these targets were hit. I am using 12,675 as a pivot. If we hold above I will set up longs to 12,836. If it does not hold, look to set shorts back down to 12,420 If this does happen, I will set long for a strong move up again. Numbers for the ES are 1542 1387 - Using as a pivot 1354.50 Sorry - corrected the downside ES levl.