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whats the logic behind the 10:30 reversal? It's very consistent

There is a right time to be a bear, and the right time to be a bull. Threads like these on ET are excellent contrarian indicators. A few more "bullish" threads", and it's time to go short for the shake-out.

Too bad he got shook out. Buy the dips, all the dips. It's a bull market y'know. Btw, what the heck system is he using to look that far ahead? Gann, cycle stuff? anyone care to comment.

Cover 11062 YM -15 Cover 1296.75 ES Missed that dip to 11038. Last time I ever hold a short overnight. I've been stopped out of every single short position held overnight because of the MRC. Lesson learned.

Why would I cover now? The strategy that the trade is based on is just about to unfold. Going to hold this with no Price stop. Time stop till 2:30 am Est. Time to take a break, will post profit ( or loss ) after I exit.

Short 11047 YM Short 1295 ES

Except for the MRC, the next safe trade is to short this going into the close. They're going to jack this thing down like yesterdays close. 11037 is my short mark. it's 11031 now.

out 11050. +34 I added more on the morning dip. It's a bull market you know.

I'd take my profits while the profit taking is good. This will open in the 11040 area in the am,

Long 11016. When was the last time MRC let this thing gap down?

Coffee, Cocoa up moves just beginning

well they are'nt dumb. They've been diversifying their banking sector risk by quietly selling off troubled banks at grossly inflated valuations to foreign banks. After I read the following last month I was thinking why let foreign buyers in now? This real estate article seems to tie well to...

Nothing like a good Banking crisis to destablize a commie govt. Probably a sign of GDP growth slowdown. Will effect commodities like steel, copper, Soy Beans, Crude oil etc. and Chinese ADRs. Smart Chinese money behind the recent gold move? A interesting hypothesis.

Expect a short correction from these levels and Consolidation between 500 and 540 as goldbugs watch equities to see where stocks are headed. Gold traders are some of the smartest traders around, they won't be buying above 540 if equities rally next week.

I don't see the random bullish postings on ET, in fact all this death and gloom postings tells me we're headed higher. My thinking is 10900/10860 first before 11100 and then higher. The weekly DJIA has a bull flag and is poised to move up ( or way over bought and about to deflate ? ) imo...

btw if anyone is interested I posted a chart with the above target price around August of 2005. http://www.elitetrader.com/vb/showthread.php?s=&threadid=53881&perpage=6&highlight=mhashe%20qqqq&pagenumber=3 Here is the direct link to the Chart...

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...

Congrats. Wonderful trade, probably the best posted so far. Don't mind the negativity, please keep on posting your entires.

There is a method to their madness. The old pattern was you had to get in long low enough EOD to get most of the overnite move. The new pattern is you have to wait for the sudden reversal overnight where they take out all the bids in a few seconds. This happens between 3-4 am Est. I just...

How 'bout them Horns! Going to be a wild week in Austin! Last minute drive by Vince Young was The All time greatest drive in the history of college football.