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the friday bears are near extinction, hopefully a freak genetic mutation is passed along to the 50 -55 bears that will survive

i took a hit early in the morning and ive just been staring at my screen in disbelief for the past few hours. BTW, ever trade DJX options?

"heavy resistance 45?"

anyone dare to short 1145?

any election risk today? "early poll results"

will close > 1140

i think 107 is some resistance in DJX

thats why im waiting for the the Ben Bernanke sex scandel that will rattle the markets.. Bears will win...

short 1143 target 0 F U america

i am so bias short... but the %$@!ng thing just goes up.. I hope the market crashes and all the CNBC people have to move under a bridge

OMG im sooo bad at ES!!! i can make monies all day in fx and even DJX options but as soon as i pull the trigger in ES.. i get the FAIL sign pop up!:D

i think C goes up tomorrow, been beaten down last week, "sell the rumor, buy the news" here:D

any chance, they blow away estimates?

i agree open and close of candles are important on daily/weekly/monthly bars for STOCKS but for hour/min/sec in stocks/ fx/futures bars very ambiguous. one trader might be looking at 1 hour bar, another at 15min bar. when does the day begin? asia/ny? trendlines are important, intraday...

i highlighted some points that further my observations. in hindsight its very easy, but i like to keep reminding myself that the big money players that are driving the market constantly need to fake-out the fish for more depth. i circled the points that look very obvious by textbook TA...

i wouldnt walk away from the computer, but when im reading the tape looking to scalp this is how i trade. indicators are obviously worthless imo. i dont claim to be a great trader, although i am profitable. i focus on finding inflection points/ reversals. when i see a move like above example...

short as in sell put or calls IV >300 the idea here is that the market has over-reacted and the option will expire worthless, right?

my point is that if it looks like a textbook chart pattern, "about to breakout" ( too good to be true) take the other side. usually good for a tradeable move. the idea is that "if" TA is useless in the very short term, you can use that to your advantage by fading the "pattern" of course...

it was so obvious that the chart was breaking down... IT GOES UP! the long 30min red candle turns into doji :D

i call this trade the blatant trap, i see it all the time in 15sec - 5min intraday moves. below is just an example that im sure caught alot of people off guard:eek: