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Base is now broken.

Divergence between the dow and nasdaq is becoming more apparent. I believe this is more of sign in change of market dynamics. It appears that more than likely we will remain in a range bound market... however my bias is still to the downside. --MIKE

BBH & RTH can not also be shorted.

Lets not get into a pissing match. How about for once.. we just stay focused on the market.. which is the intention of this thread.

NQ tape today is weak. The semis are holding the market down. --MIKE

Why is it that everyone always has a friend or sits next to some1 making serious $.. whereas they themselves are pikers? --MIKE

I cant believe IB doesnt allow me to short the IWM, MDY.. and some other basic ETF's. Any word on whats going on? I thought ETF's are supposed to be more available for shorting... I am really pissed about this. I probably will have to switch brokers because of this. Anyone have any...

I am not an economist nor do I trade the market based soley on econometrics.. the most important thing to me is price and volume. If i tried to trade the market soley based on economic theory I would of gave up a long time ago. The only points I made was that rates are gonna rise soon and...

Exactly.. thats what the FED is trying to do. He wants to be sure that when he does raise rates it wont hurt the economy because he is assuming the economy will be picking up which will offset the increase in rates. Major problem is lack of employment which is the dominant theme. But like u...

Just to put things into perspective. Assuming I am totally wrong and the Nasdaq churns and makes new highs. Most probably the VIX would be trading near 10 or even lower. To me thats super dangerous. From a purely risk standpoint.. buying a market at such a low VIX is highly risky... this...

I agree the market will not breakdown all of the sudden and slice through 2000. But I do believe we are setting up for another lower low on the Nasdaq. I hate to break it to you but interest rates are gonna be raised very soon. You dont have to actually wait until the Fed raises them.. sometimes...

I disagree... Nasdaq is not sideways.. we put in lower low and right now we are in bounce mode. There is a ton of support at the 2000 level. We very well might trade between 2100 and 2000 for quite some time.. but I think its prudent to either dump longs near 2100 or begin scaling short near...

I am trading the IWM, DIA, SPY, QQQ. I usually just pick the weaker one.. but right now I favor the IWM. If you use tc2000 u can pull up a 50ma on the volume for the nasdaq. You will see down days greater than %1 were all followed by huge volume spikes.. which were greater than the previous...

I believe this bounce is yet another shorting opportunity. The main culprit is the VIX. If you look at the chart of the $VXO its right next to multi year lows. Its very hard for a market to sustain much of a rally off these super low levels. Volume has been anemic at best. The theme of...

What exactly do u mean? --MIKE

Liquidity= Avg. Point range * Volume Thats the way I look at it. --MIKE

Waggie he was also referring to me. Just crawl back into your hole. --MIKE

MECRO, I just dont believe that u still dont get it!! I do not DAYTRADE. I swing trade. When I made the post to start this thread i clearly stated that I swing trade and scale into swing trades. All of this non sense regarding specialists and top ticking to make 20 cents is a bunch of...

So u weatherd an 11 point drawdown to break even on a trade? If you are taking profits to the tune of .5-1 points on average.. you are trading illogically. I'm surprised no one else comments on this. I am not trying to be rude or derail your journal. This is my last post on this...

Some people like to bash others when they are making $. Atleast if I was totally wrong and IWM rallied to new highs.. I deserve to get heat.. but the fact that I was dead on.. is sad. I pretty much scaled out completely of IWM.. and now am short a little DIA. Will look for a nice sized...