YM Traders

[EqtTrdr]

10:30 reversal + Tday wins again $$$$

 

[satchel]

little squeeze, nothing to watch here, keep moving

 

[lilduckling]

there is good resistance at the 835-840 area......

That was a sweet spot to go short.... whish i had picked it...im short from 818

 

[satchel]

Bueller, Bueller?

Last print wins.

 

[Buy1Sell2]

decent bearish divergence on the hourly ES charts just formed

 

[porgie]

after 2 days of chat .......stunned and amazed........over and out......

 

[volente_00]

Quote from EqtTrdr:

10:30 reversal + Tday wins again $$$$

It's like free $$$$$$$$$$$$

 

[lilduckling]

Quote from lilduckling:

there is good resistance at the 835-840 area......

exactly where the YM stopped.....

 

[volente_00]

Quote from volente_00:

I did not like the volume on Friday's selloff. Why were the generals so eager to sell so much ?
In other thoughts, February's option action says we head back to 10800 in the next month, but we could fall about 60 points lower but there is decent support from previous resistance from 600-650.


http://stockcharts.com/def/servlet/SC.web?c=$INDU,uu[h,a]daclyyay[dd][pc20!c50][vc60][iUb14!La12,26,9]&pref=G



One thing I do like is we are finally getting the 50% retracement
from from 10162 to 11053 which just happens to be right at the 200 day ema.



http://stockcharts.com/def/servlet/SC.web?c=$INDU,uu[h,a]daclyyay[dd][pc200!c50][vc60][iUb14!La12,26,9]&pref=G

I guess they wanted it to hit 10800 before Feb.

 

[joecgoodman]

Quote from EqtTrdr:

10:30 reversal + Tday wins again $$$$

Eqt, do you look for reversals at 10:30am central time? I'm asking because I've heard 9:30am cited often as a key reversal time, but never 10:30am. Or perhaps you're using eastern time? We did bottom out at 9:38 central. But we didn't know it was the bottom at the time. At 9:30 sellers were still fighting support at 780. (I'm a learner, not a critic. Don't want my questions to be misinterpreted as "questioning" your comment. )
Thanks! Look forward to your reply.