YM Traders

[Spooz Top]

Trailed stop hit @ 55 for 5 cars

buy 5 hit @ 231.........long 10 ym cost @ 236.

looking to hold.......not just day T

 

[El OchoCinco]

Walked away from the computer after getting flat and missed the short at 11260 (using my indicators) and it rounded at 11230...

oh well... I try and force myself away when I am down and make it back to even so I can clear the old noggin. Sometimes you miss the next move doing that LOL...

Quote from Spooz Top:

That`s the way to do it...........get neutral on the day if the market gives it to you when down.

I`m looking @R around 11,300 to scale

 

[Spooz Top]

kicked 5 @249 from 231........still long 5

 

[Spooz Top]

Like Buzzy Schwartz said......when you hit your puke point ,it`s a good time to double up........................i was just about there.

 

[Spooz Top]

sold 2@49 3@55...................done

 

[Spooz Top]

damn.what a buy down around 11205...........prob a short term capitulation bottom????????

 

[mhashe]

SP500 similarities in market structure. More Pain or Consolidation?

 

[newbunch]

Quote from mhashe:

SP500 similarities in market structure. More Pain or Consolidation?

That last bottom was in October, a time when the market normally hits a low. Now it's May, a time when the market normally starts a decline.

 

[mhashe]

Quote from newbunch:

That last bottom was in October, a time when the market normally hits a low. Now it's May, a time when the market normally starts a decline.

Great point, we'll need to consolidate here to salvage the trend otherwise a slide down into the abyss. However with inflationary fiscal policies and massive amounts of cash sitting on the sidelines an educated guess would be a final parry into the yearly highs before the prolonged decline. When that occurs is yet to be seen, I don't think the past few days selling indicates it.

 

[Bitstream]

Quote from newbunch:

That last bottom was in October, a time when the market normally hits a low. Now it's May, a time when the market normally starts a decline.

sure, lots of similarities; oct decline was also caused mainly by inflationary worries..of course we also got pathetic earnings back then..so maybe this time just cuz earnings were great and fcst extremely good mkt will bottom before it reaches 1260, and this won't be da start of a serious tumble. but hard to tell if we'll go down some more... seems like this fall is caused mainly by fear driven speculation over inflation, innit[?]