I think Im going short on the YM

Discussion in 'Index Futures' started by retaildaytrader, Apr 9, 2010.

  1. You see that high pole and what might be a flag on the chart. If the YM can manage to breakdown tomorrow under the consolidation, then I might just short the YM.

    I look, watch and wait. A breakdown under the consolidation on the last few bars on the chart would make me a shorter of the YM...
  2. jax88


    DO NOT WAIT! Short 915-913 if you get a chance. Once this move begins on the downside, you will miss it. Everyone is about to be screwed today!!!!!!!!!!!!!!!!!!!!!!!!!!!! Have a good day.
  3. Buy the dips! Unlimited upside! The market is rigged!
  4. LOL! And while you're at it, go play leggos on the local train tracks.
  5. I agree, the midterm election is calling the shots. Everything will come up roses over the next 7 months.

    The Dems will say to the American people....Just Look At The Dow!
  6. I learned a while ago that the time to go short is usually when there is a certain euphoric high in the air and while liquidity is obviously decreasing. The time to go long is when the TRIN is popping and everyone is so bearish.

    Right now there was a spike up in the morning and everyone seems ready to throw their account at the wind overleveraging.

    I see the larger cap stocks dragging and the $INDU not seeming to keep up.

    Im not into chasing things up until I am the last bagholder, but patiently waiting for my turn to get in on the short. I think that time might be today or maybe in the next few days. That bullish pop up seemed to bring us back to the top of the range.

  7. jax88


    You will see today that all the weak shorts coming in today will get squeezed at the close. A drop is on the cards for next week. I am positioned for it, are you? If you are long, now would be the time to say before the next week starts.
  8. I'm always positioned for things to go either way.
  9. jax88


    There you go, all the WEAK shorts squeezed. Now the real move begins.