i do not believe in reincarnation, but maybe you remember TradEStar?
US Equity Markets will not go down
- Thread starter Rickshaw Man
- Start date
i do not believe in reincarnation, but maybe you remember TradEStar?
Support is always their, this is a no risk trading environment in US equities indexes. Its the land of perfect, were every dip is bought, and no fear exists in an environment were anything can happen, but never does.
Welcome to perfect!
Welcome to perfect!
almost every dip ---------- today was more of a "stand up so i can shoot you again"
Just wont go down, if it would maybe some would buy, this range crap is for the birds.
I thought everyone was buying, we are in a bull market. The gap up and run to dow +80 evaporated quickly today.
So we are down, so we are up, down,up down,up. For the last 28 trading days the Dow has been moving sideways in a 1.5% trading range. their is ZERO follow thru in either direction. Instutions and large funds can not operate in this environment, they need trends to get their trades off. The Dow is not trending at all. NQ is showing much better trending.
This price action is nuts . Gap up as usual , some rally but then got hit with selling. Went down to flat pretty easy but, again as usual everything bounced which is wierd except that its low vol afternoon trading. That type of failure should have seen new lows.
In theory, agree with what you say, but you gotta admit, the market has been operating in this weird, wacky program driven, illiquid, spike up, spike down, go nowhere structure for quite a long while. Nothing is out of the ordinary anymore. upside crashes, downside crashes, etc, etc...
This once hot index futures trading has taken a turn for the worse the average true range is getting just to tight to profit from. Once a intraday trend is spotted, sorry to late its over.