YM Traders

Quote from mhashe:


Notice that the Q's bounced off 43.31 ( 0.07 off the drawn Resistance line) and failed to retest it again. I take this as a sign of broader market weakness the since the Q's led this move up. A failure to break above and hold 42.00 next weekly bar is a sure sign that rally is over. Time to get the bobsled out. [/B]
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QQQQ does look notable weaker than DIA,SPY;
QQQQ has to go thru much more resistance and its had trouble staying above its 50 dma much of the year.DIA & SPY havent.

QQQQ also tends to lead like in 4th quarter or lag much of this year ;
plenty of good shorts QQQQ related this year.
 
Bonds are taking a huge tumble today erasing yesterday's gains. that might weigh in on the stock market soon. Looking to short YM soon especially with no follow through after yesterday.
 
tiger plays the best golf game but if i am playing basketball should i know his game....should i be concentrating on tiger's game while i am shooting the 3 point shots or anything else related to basketball.......i rather think basketball is my focus ...to be a good basketball player.......all the other stuff becomes major distractions if u r intraday trader emini s........... news.......volume............times....any other chart but ym.....i don't care about th em.......system says enter i enter........unless i get stupid and lead paws disease..........SEE SPOT RUN.......
 
Quote from porgie:

he who follows makes money;
he who tries to lead loses money as time wears on.......


.predictions are not advised.......
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porgie & bro;

Lots of truth there, however;
more than a few profitable traders wrongly use ''word/prediction'',
when they mean probability or high probability.
Still profitable, however they just wrongly use the word

A very important practical distinction.

Lots of gap ups premarket;
QQQQ is still in long term downtrend, medium time frame weak.:cool:
 
SPOT IS RUNNING AGAIN........EARLY THIS MORNING......DICK AND JANE SAY " COOLWEB, OSORICO, BUZZ, AND OTHER WANNABE'S........." SEE SPOT RUN? GO CATCH SPOT.....TRY TO HEAD HIM OFF..........AND CATCH UP WITH HIM.........THE YM TICK IS SPOT IN CASE U GROUPIES HAVEN'T FIGURED THAT OUT........SORRY FOR BEING MEAN BUT U DESERVE IT.........DISRESPECTFUL TO PORGIE WHEN HE DIDN'T DESERVE IT..........MONEY CAN'T BUY INTEGRITY...........
 
Quote from Bitstream:

nice inflation numbers; ym will be on fire for some time to come...:)
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Thanks , bitstream ,
was looking @charts, wondering about all the gaps UP;
see spot run:cool:

Trader @ CME just said could be wishful thinking;
but thinks some big money may hop on this train.
 
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