spoos and nd100 futures...

[GreenDog]

were in an uptrend yesterday until the last hour when they started to sell off hard. Fairly decent uptrend today too.

... will they hold? or get knocked back down into the close?

-- Been scalping most of the day today, but looking for a bigger chunk this afternoon -- not sure which way yet.

 

[taodr]

Marty Swartz quotes an old timer as saying an indication of a bear market is selling of towards the end of the day and end of the week. This in itself then shows we are NOT in a bull yet. We have to be careful.

 

[jay567]

i think william o'neill said that too

 

[Ditch]

Quote from taodr:

Marty Swartz quotes an old timer as saying an indication of a bear market is selling of towards the end of the day and end of the week. This in itself then shows we are NOT in a bull yet. We have to be careful.

Interesting, on the site of LBR i read a thesis that the smart money tends to control the last hour of trading.

 

[GreenDog]

Quote from taodr:

Marty Swartz quotes an old timer as saying an indication of a bear market is selling of towards the end of the day and end of the week. This in itself then shows we are NOT in a bull yet. We have to be careful.

Buzzzzzzzzzzzzzzy

 

[Pabst]

Quote from taodr:

Marty Swartz quotes an old timer as saying an indication of a bear market is selling of towards the end of the day and end of the week. This in itself then shows we are NOT in a bull yet. We have to be careful.

...and just the opposite price action in a Bull. Traders set up early in the day, funds set up late.