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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (5654)6/22/2001 4:28:57 PM
From: UnBelievable   of 209892
 
That Down Whoosh Was My One Profitable Trade Of The Day

I kept going short and getting stopped out. I broke even.

The market has been held up by smoke and mirrors (and futures) these last couple of days.

Today, for example $SPX was down .94% while SP U1 was down only .68%. Better yet, $NDX was down 1.36% today while ND U1 was only down .26%. That is a sick relationship. I guess the future must be great. <gg> For most of the last two days the trading has been way above Fair Market. Yesterday the focus was on SPX today the focus was on NDX

What was with the futures ramp AH. I guess they are getting everyone ready, so they can sell the Fed news Wed.

Even the last hour was amazing. Who would buy stuff when the vulnerability of this price support was demonstrated so clearly?
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