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Dude.. I am short DIA, IWM, SPY, MDY. I never said I made tons of money yet.. But so far so good. The difference between me and you is that I anticipate moves and trade them.. you just come on my threads and cheerlead the market everytime "after" it already has gone up. When it goes in my...

The whipsaw continues and I am using this to my advantage. Yesterday was a good day to fade. Looks like the market has found a lot of resistance at this level. Most people on this board thought I was crazy for fading yesterday... truth is on day intraday has little effect on tomorrows action...

IWM is available. The wierd thing is that yeterday MDY was shortable.. and today its not. IB's list is very fickle. --MIKE

Ok Thanks. I've been trading IWM for a few months and this is the first time I cant borrow. --MIKE

I agree... right now I believe we are in a trading range market. This is the longest period the Naz and Russell failed to make a new high. Thus rallies should be faded and drops bought. Right now we are rallying so I am scaling a short entry. Of course I could be wrong and we could have a...

I've made money trading based on price and volume. Many good stock traders use Volume. William Oneil uses volume to confirm rallies.. he was a good trader.. as are many canslimers. --MIKE

VIX closes at new lows.. volume very weak today on major indices... My bias is still the same.. eventhough we did have an impresive rally. MDY new highs. Looking to fade that in addition to the IWM. --MIKE

Its the same market that shrugged off good earnings in regards to AMAT. VIX at new lows. Market could continue its rally.. I agree thats why I am not agressively shorting this rally. $119 on the IWM would be my trigger to get very aggressive.. and I will move to %50 short. The remainder of...

Well.. the question is.... assuming 2004 is not gonna be a bull market will u be able to make as much $? Also.. maybe u just bought stocks.. we had a rally u made $. Going forward how will u continue to make $? People that trade shorter term.. try to reduce their risk.. and dont need a...

I was anticipating this bounce and continue to slowly scale. Market is due for a pullback.. when we get it.. I will cash in. Right now the IWM is not really uptrending.. its more in a trading range. Therefore.. I short the pops and buy the drops. Just because we are in a long term bull...

I am about 20% short here. Will go 100% if we approach the yearly highs. Although I admit my timing is never exactly on the mark... I am patient and have a broader horizon that just a day or two. --MIKE

It appears that MB Trading also does not have any shares available short for IWM. IWM must be shorted heavily or something. --MIKE

Def.. any word? I still cant short IWM... stinks --Mike

Thanks, Def.

Probably wouldnt work well unless all the traders are looking for the same types of setups. Your best bet will be to get good screening software like Linsoft Investor RT. The truth is that when the NQ is about to make a big move almost all of the tech stocks are gonna follow. Picking the...

Does anyone know if MBtrading is more reliable when it comes to shorting ETF? --MIKE

bump

DEF... can u help us out here? There ETF's not stocks? Why shouldnt they be available for shorting? --MIKE

Good observation.

You make valid points. Which in turn makes this more of a range bound type market.. where big moves in either direction are gonna be faded. The outlier is the inherent weakness in the Nasdaq and semis.. they are sticking out like a sore thumb.