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So far today follows the low range, low volume pattern of the last couple days. Now that the first hour is out of the way the sellers have left the building, probably going to consolidate above the opening range.

Pekelo: High to low in YM 104 ticks or $520 range today High to low in ER2 76 ticks or $760 range I stand by my original post, one would have to trade *more* YM to get same bang for buck as ER.

ER2 is a fairly volatile index, but the main thing that attracted me to it was the dime tick vs the .25 tick on the ES. You also have to trade less contracts than say the YM so commission costs can be less as well

Doubtful, but that would shock everyone for certain. Many waiting for that C down dip to buy

See now to me it seems as though everyone is looking for break of last week's lows to buy. Even the bullish camp wants an ABC correction from the highs. The bears? Well, they think every selloff is the beginning of the end. To be honest with you I think the surprise would be drifting higher...

ER2 was waaayy too short, still extremely well bid here

Guess, the question was answered, pretty good short cover off the lows. Bulls can argue reversal week across all indices and they would be correct (for now anyway)

Can talk it lower, but real question on a Friday is who is willing to hold positions over the weekend . . .

After yesterday's bears were required to stare at higher prices every tick of today I'm not sure I'd fall in love with the idea of a final 30 min selloff again, maybe it happened earl today . . .

I use TradeStation - symbol $TICK for Nyse and $TICKQ for Nasdaq

Been noticing an unusually high number of >1000 TICK readings today, at least 20 in the past 90 min or so. If these kind of tick readings took place 2 weeks ago we would be up 150 Dow points. Shorts are covering but market is well supplied

Shorts covering on the bad news -makes sense

With the exception of much higher open. Modest selling early in the day then a slow and steady short cover for most of the day with very minor pullbacks. So far yesterday's leader ER2 only major index to not take out yesterday's highs.

Some highly convicted bears all the sudden. Have to squeeze a few out over the next few days before we look at yesterday afternoon's capitulation levels again.

Bulls? Not on this forum. They have left the building

Lauriston: Your logic makes sense for a somewhat longer-term play than intraday. Curious why you wouldn't build a longer-term position. That said, can't blame you for not holding a long position overnight, been the certain kiss of death lately.

Dow can't follow the IMKB100 pattern because that would require the unthinkable - moc buying. only people willing to be long over weekend are put owners

Bull were sooooo close to the bullish engulfer they were all wishing for. Near yesterday's highs the shorts were done covering and then intraday length bailed.

Late day length release strikes again . . .

I would be interested in observing your real-time chatroom. How do I go about that?