I think the YM will go up tomorrow...might test the 9340 level, and then bounce back. As long as it has a defined direction which sustains for at least 15-20 minutes, I'll be OK.
-FastTrader
-FastTrader
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What will tommorrow bring?
- Thread starter VisionTrader
- Start date
LOLOL!!! Oh man it's good when you post.Quote from profitseer:
tommorrow? that's easy. It will start with just one uptick. A nervous trend follower will misinterpret that as the beginning of bull move and lift the offer.
meanwhile, a scalper who is trying to buy the bid can't get filled and raises his limit a tick.
A point and figure trader will then get a buy signal and buy at the market.
A bear scalper will then get stopped out and will start to support the bid.
A mutual fund will buy some shares on a rumor driving the index up until a 2 minute over 4 ma crosses and the several renegade TA traders will buy, triggering off a blackbox buy stop.
This will happen over and over again until the market hits my secret sell limit, and then I don't care what the hell happens.
Quote from VisionTrader:
. What the hell is wrong with everybody?
Scary part is that there is an underlying force pushing up from within.
you sound panic, is this what you see?
side note: Arnold has join force with Warrent, celebrity + money + politic = new paradigm in investing, this time it's different.
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Quote from profitseer:
tommorrow? that's easy. It will start with just one uptick. A nervous trend follower will misinterpret that as the beginning of bull move and lift the offer.
meanwhile, a scalper who is trying to buy the bid can't get filled and raises his limit a tick.
A point and figure trader will then get a buy signal and buy at the market.
A bear scalper will then get stopped out and will start to support the bid.
A mutual fund will buy some shares on a rumor driving the index up until a 2 minute over 4 ma crosses and the several renegade TA traders will buy, triggering off a blackbox buy stop.
This will happen over and over again until the market hits my secret sell limit, and then I don't care what the hell happens.
THAT is what market anaylist's should be printing as the TRUTH about what most interday moves really are.
Quote from VisionTrader:
Don't these people understand that I am seeing massive divergences on the daily DOW.
Not only in MACD, but volume as well. What the hell is wrong with everybody?
Scary part is that there is an underlying force pushing up from within.
Probably an up day.
S&P500 just bounced off its weekly moving average and support. Trading in a rectangle. It will probably break through to the upside to new yearly highs up to 1050ish. Then trade sideways between the 200 day moving average and 1050 for a while.