Congrats. Wonderful trade, probably the best posted so far. Don't mind the negativity, please keep on posting your entires.
Well.... im all bullish at this time. YM setting up for a nice run up next week! Dow transports only allowed YM to kiss the 11000 level.... and then gently pull away a little. Did not allow it to get to second base. Not so next week! Hope to see a gap down on Monday!
I agree. The tape faked me out yesterday, the demand I had observed yesterday was indeed real demand because now market has entered into a trending mode. Except for the am b.s. fake out reaction to the early morning rally, the real intraday tape shows new support and demand at 10960. As long as we are above 10960 it is "buy the dips trade".... and I mean all the dips. The next major reaction area is 11250 from here. As long as YM is above 10960, it is best to wait for the pullbacks to complete and take trades in the long side, fighting this tape will only lead to loss of mental and monetary equity.
btw if anyone is interested I posted a chart with the above target price around August of 2005. http://www.elitetrader.com/vb/showt...&perpage=6&highlight=mhashe qqqq&pagenumber=3 Here is the direct link to the Chart http://www.elitetrader.com/vb/attachment.php?s=&postid=816973 So to wit, as long as YM is above 10960, it is best to wait for the pullbacks and hammer then away to the long side. Good luck next week and have a great weekend all YM'ers.
sma's or not? intraday or not? gamb ling or not? buy and sell are totally equal like it or not...........long and short is stock trading terminology that reveals lack of experience...........buy and sell....buy and sell............equal....same money buy and same money sell.......am I missing something.........am I wrong? am I crazy?...........any suggestions? forum is dying ........guys leaving like rats from a sinking ship....but some pretty nice rats at that.....just not willing to pay the price of learning..........
I have to agree with Satchel. I just got a sell signal for the Dow, which is rather strange because I have sell signals on all gold, oil and now Dow. I don't remember that these 3 moved together since I have been tracking them...