Excellent comments. I see that this is how the market operates as well. Thank you.
Quote from EdgeHunter:
Well, ok i will bite......
The average volume for the ESZ7 futures today is less than 20% of average at this time of day compared to the last 20 days which means<br> the Floor Boys are running the show and whipping the market around...
tuff day to trade when the volume is so low on the futures... and the market makers can fade logical trends...
Fading the Highs and Fading the Lows along with the Floor Boys is a smart play...
Breakouts don't have the volume or participation necessary to continue... unless we get a news event... nothing yet...
Outside paper - Big $$ - is not very involved today... again reflected in the futures volume...
So fade dem rallies and cover shorts at any intra day lows or obvious support... fade dem lows and cover longs at any intra day highs or obvious resistance...
<img src="http://www.enflow.com/p.gif">
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