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Here here, a toast!

These cycles come and go, everyone should have taken advantage of cheap credit because it won't be back for at least 10 years.

George Bush said get out there and spend, after 911, we can't let the enemy win, that’s what he said. So Americans being the patriotic bunch we are, did as we were told.

Trading during the cash session is such a waste of time. Everyone trying to make a couple of points, so stressfull. This is about the time ES settles into it's 2 point range for 4 hours.

Long equities.

Seems to be little risk in going long.

We have not seen a decent correction, yet!

Great time to unwind out of long Sep ES positions. Contract rollover in 5 days. September contract expires next Friday.

Most have been trained to exit and remain flat. Once the cash opens ES will move in a 5 point range all day.

What a run. Easy money indeed.

Daily 2003, just jam up the futures and gap open the cash index.....PRESTO RALLY!!!!!!! The magic of the index futures.

Good positive market breadth is not there yet.

2003 move off the lows....new highs-new lows.

2009 move off the lows.

So far this advance off the lows looks pretty wimpy

I like to wait for the 5:00pm cst open. If the market closes near the low of the day, the overnight ramp is even better. If it closes near the high of the day chances for a dip before midnight are quite high. But at 2:00-3:00am cst..... it's up up and away.

3:00am

I love how all the gurus have the new trades trained to exit and be flat as cash close. Only pros will hold overnight to make the easy money. Let the squinty eyed day trader slug it out during the day, racking up commissions. Go to the ES Journal and watch them trade in and out all day long...

It matters not, YM,NQ,ES. The Nasdaq mini is showingthe most strength. But to answer your question yes it was YM. Margins for that contract are so high now, ES or NQ works for me.

Great chart, it just goes to show how easy it is.