ER2 has topped?

doublea · Jan 29, 2006

Quote from newbunch:

I thought the quote was: "Markets can remain irrational longer than you can remain solvent." John Maynard Keynes

Why should the quote even matter? You got the point. FT71 is one of the best trader that posts here. Try to learn something from his posts.

polpolik · Jan 29, 2006

easy guys. let's not start a pissing contest on this thread. We're all here to make money

newbunch · Jan 30, 2006

Quote from doublea:

Why should the quote even matter? You got the point. FT71 is one of the best trader that posts here. Try to learn something from his posts.

And why should giving the original correct quote matter? Lighten up.

Mike805 · Jan 30, 2006

Feels like the market (ER2) is discounting something right now - FOMC induced most likely. Regardless, your short may be a good call.

Mike

glassinc · Jan 30, 2006

Quote from Mike805:

Feels like the market (ER2) is discounting something right now - FOMC induced most likely. Regardless, your short may be a good call.

Mike

Hello,

I've been searching here and taking trades long and short. However, I'm reluctant to be stalking a swing trade top setup, especially ahead of the FOMC.

That was a nice chart and may be closer than farther away, just being cautious into the meeting. The volatility here is wild enough at times.

Good Luck and Good Trading to all, long or short!

Kelly

polpolik · Jan 30, 2006

I think whatever the initial reaction after the FOMC meeting, it will be short lived. So if ER2 rallied after the FOMC, it will immediately drop back. Or, vice versa, if ER2 drops after FOMC, it will rally back up.

Thanks for the replies guys, I covered 2 of my 3 shorts. I don't think I should be gambling even though I have a good hunch it will go down. I'll wait for confirmation first.

buzzy2 · Feb 2, 2006

Party over

polpolik · Feb 2, 2006

I reshorted 1 contract yesterday at 738. I think we see 680 here.

lynx2004 · Feb 4, 2006

Quote from Lorenzo:

Found this chart in another forum

It seems that the small caps tend to show strong overperformance during the year as regards the RUSSELL 1000 and the RUSSELL 3000

When this happes we begin to see some huge divergences that bring the RUSSELL 2000 to reduce the distance with strong corrections

Hope it helps

ER2 making lower highs and lower lows last few days...do did it make the turn? but it is still outperforming other indices (SPX, NDX, Nasdaq)-- what to make of that?

Also, how has er2 performed in a serious selloffs in the past vs the S&P?

polpolik · Feb 4, 2006

i think it will close the divergence between itself and the SPX, and NDX.