So I guess what this means is go LONG or be wrong?!? What gets me is without being in the room - not moving right to the targets in disconcerting. I mean I know I am a "swing" trader and your levels are a <i>great</i> help for better entries and exits. . .but I remember when every target would get exactly hit almost 80 or even 90% of the time. I usually do not have to micro-manage, but while I am (in this environment) it is nice to see a BO (break out) that ends up at the target. I know is still early and this is holiday trade, but we are a LONG WAY from the ultimate target. pay$
Well did we break the mid point ? No are we above the 1st hour high ? Yes Can you counter trend trade ? Yes But the market was building pressure to the upside the entire day
Heck, Joe. . .counter-trend trade? I put 2 contracts on the night before last. So far being "right" is nice!
Today was good for me, Happy New Year! Joe, what about the sell off after the bell? Is this normal? Looks like a lot of volume came in and pushed us under 900... but where we closed, above 900 is bullish... I don't get it.
portfolio managers pushed mrkt up last 3 days for end of year good marks,all bad news was held up,probably phony employment #s too,anyway,after 3 pm they sell futures against their postion for a hedge,stocks get marked at 3pm close
you have to be watching for it on last trading day of each month,it happens more often in down months