Trifecta" is a term used to describe any successful or favorable phenomenon or characteristic that comes in threes BOOOOOOO YAAAAAAAAA All 3 Targets hit today at just about the same time with YM going to ext.
And the YM Also on the S&P we need to hold 798 that is the BIG ### so we are getting very close ! Have a great weekend Joe Baker
I'm sure and hope you use STOPS in your trading room JB! I was looking for a move to the sub-818 area after we broke down in the early going yesterday. The all of a sudden the market became "over-bought" or mark-to-market change rumor. . .but WHAM blew SHORTS right out of the water. That is 4-for-4 this week with reversals. Things were down early Monday and Tuesday and then reversed. Things were decidedly up Wednesday and then CRASH! Then yesterday. A market that reacts to rumors and headline news is very hard for me. With today's atrocious jobs #'s - I guess traders have instead adopted the "rose-colored" glasses mode - - looking for the stimulus package passage as the next news to rally on. pay$