I am thinking about going short in the YM late today 03.22.07

ES action feels like last thursday nite.

 

someone is trading 10 contracts per pop...and hiding their longs...

 

there went 14....they are scaling in...and getting good fills...

 

shooot and here we are trading 1 contract...too funny...

PikerSavant

 

hmmm well, i thought mywkend wuz ok ......u n t i l YOU reminded me that MY cash got blown out the tailpipe of YOUR Hummer.

 

Early rising Brits will start trading in an hr.

Yawn.

 

Just dipped below 13000. Anybody home.

 

short @ 13007 1 contract looking for 10 points

Thank you very much,
ES

 

The trade immediatley went against me....how was that for timing a loser!

 

YM is lovely instrument...so far I have observed that highs are made to be broken and S/R have no application...

Going short in this bull is like laying down in front of a steamroller of leverage...

The buyers seem to come in out of nowhere...buying the dips...

I will give this short trade some space over the next few 15 minute candlesticks...Heck...the 10 point target is just noise anyways. I find the YM noisy with its hidden group of buyers dead set to see it reach for the sky...They got their high over 13K ...so let it close lower to add the uncertainty and cause longer holds....get rid of the intraday players....shake em' out!

YM is just an instrument to hold overnight...thats my opinion...all my overnight trades have been winners where my intraday trades have been mixed.



than u ver muc
ES