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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (4832)	1/11/2005 12:35:08 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 12411

Still short YM from last Monday (who says I'm a short term trader, perhaps I'm a sell and holder?), although I have been trading a part position since then, mostly on the short side. There's an Expansion, Range Contraction, Expansion pattern here which if price moves much lower is likely to play out with YM moving near 10400 in the days to come. If the recent ranges manage to hold, I may dump my trading short from yesterday. I was expecting 3 - 7 days of sideways price action before at least an attempt at continuation, now we are here and watching elastic bands stretch again... trendvue.com