YM up now about 40pts since i called this level last night..... many bears will be sent home on a box today...... this will go down as one of the best bear traps of the year.
good call last night lilduckling! I don't think this will be "one of the best bear traps of the year" though. I highly doubt the market will end this day with any significant gain.
excellent work riskarb! You brought attention to the Nikkei (your post from 1/12) before its big drop. I wasn't following the Nikkei until you mentioned it!
maybe not such a good call lilduckling! Like I said, very doubtful this is a bear trap day. Beware of this rolling stone gathering moss. Indices probably will turn negative on the year in next week.
http://www.tradingmarkets.com/.site/Daytrading/commentary/lftw/01172006-48713.cfm Does having a Harvard MBA make someone a better stock picker?
This type of thing has been done before. Over the years they pitted money managers with, kids... housewives.... and even chimps. The chimps beat the money managers by a tiny percent. What does this tells us?? Anyone know? I will tell you..... Having too much information can and will be used against you in the court of trading. Also... your mind plays tricks on you..... its better to be a pea brain like me if you ever wanna make it.