45+ point pop on YM

[monkey]

I just caught a nice 45 point move on the YM.... I bought the breakout from the straight line this afternoon.

Any news behind this?

 

[nitro]

The rumor is Merryl a big buyer.

nitro

 

[Tea]

I heard that Monkey put a squeeze on the shorts

 

[Trend Fader]

14:34 ET Market bounce attributed to talk of short-covering going into holiday weekend : Worth noting that over the past six years, the week going into Labor Day has been negative for the markets (an avg of 4.3% down for the S&P 500). However, historically, September has typically started very strong (before slumping later in the month). This pattern may be leading some shorts to cover positions going into the Labor Day weekend.

 

[monkey]

Quote from Tea:

I heard that Monkey put a squeeze on the shorts

They got scared when I got long three contracts.

 

[damir00]

all i'm seeing is the dead-greenspan recirculation.

Quote from monkey:

I just caught a nice 45 point move on the YM.... I bought the breakout from the straight line this afternoon.

Any news behind this?

 

[vega]

No specific new news, but it seems to me that as INTC came off its lows, it brought everything else with it-------or was it everything else bringing INTC off its lows ? Damn, this trading stuff is hard

Vega

 

[Tea]

Quote from Tea:

I heard that Monkey put a squeeze on the shorts

o.k. monkey, you can let go now.

I think the shorts have passed out from the pressure.

 

[VisionTrader]

Double Bottom bounce at a major fibo level.

 

[VisionTrader]

Get short right now. Doji at major fibo resistance

Forgot to put the smiley face on this post.