YM Traders

Quote from djxput:

you held overnite with all that going on early on? isnt that stressful? I really couldnt tell what we were going to do early on
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YM tends to cycle around a mean ( as in average ) price range during a consolidation phase. 10470/10485 is the mean at the moment. If the price had broken above 10560 today I'd have had to close the position at a loss since the reversion from that price would have been unlikely. Right now I'll looking to go long, need to see demand come in first.
 
right now I'm thinking we got people taking profits and shorts sneaking in ...

I'm still thinking were going to move downward to the 10460 level; ie this isnt to say we wont head up to the 10490 level first.

- usually when I try to 'guess' the market its a contrarian indicator - meaning the strength in how much I feel the market will go one way is how strongly the market will go in the opposite ;)
 
ya I agree; I was trying to see where the support is at but ya its probably at a even number like 10450

I still think there is a strong likelyhood well break the support sooner or later (but of course have to see what the chart says)

the market is like a woman just as soon as you think you figured it out it goes and changes on you :)
pardon me if there are any ladies in the house :)
 
AAPL took a nose dive today; I was thinking about buying some puts at the open but I thought that it might fill the gap and then it was too late ...
 
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