Do I have to be the 1st to post on futures

Please make it stop..............

They better pump the YM above 12586, or it will probably be visiting 12100 real soon.

cmon

seriously what do futs represent this far from the next opening ...nada !

We already know they will flip around on ya two three times by the morning.





Now some bears are saying make it stop

Edited by Mr Dev, 24 February 2008 - 08:49 PM.

After 22 trading days into this rally from the low of 1-22, this market generated only 20 NYSE highs vs 110 NYSE new lows on an up day Friday of about 100 Dow points. Compare this to the March low of 3-5-07 when within 4 days the market was generating over 100 new highs and the low of 8-16-07 when the market generated new highs consistently over 50 daily within 14 days. Of course, the August rally led to the October top, but if this now is an IT bottom of importance, shouldn't we expect better momentum at this point?

I don't take the futures seriously (I don't trade them) until after 3:00 a.m. E.S.T. as that's when the European markets start to open. That being said, I'm not surprised in the least by what I'm seeing right now as I expect everyone who didn't load in before the U.S. market close Friday will be including the yahoo crowd after the U.S. market opens and those covering their short positions. Pop at the open? I expect it. Pop and drop? Doubtful. I think it may last longer than that but...not much longer. We shall see.

Edited by milbank, 24 February 2008 - 09:03 PM.

I don't take the futures seriously (I don't trade them) until after 3:00 a.m. E.S.T. as that's when the European markets start to open. That being said, I'm not surprised in the least by what I'm seeing right now as I expect everyone who didn't load in before the U.S. market close Friday will be including the yahoo crowd after the U.S. market opens and those covering their short positions. Pop at the open? I expect it. Pop and drop? Doubtful. I think it may last longer than that but...not much longer. We shall see.

Same... I stopped taking overnight futures seriously about 5 years ago when they stopped having a predictive affect on the following days close.

I've learned to let go.

I do give a bit more credit to them just before the open.

Edited by Mr Dev, 24 February 2008 - 09:10 PM.

We may be looking at a gap and crap day. That miracle rally late friday may need some testing.

I don't take the futures seriously (I don't trade them) until after 3:00 a.m. E.S.T. as that's when the European markets start to open. That being said, I'm not surprised in the least by what I'm seeing right now as I expect everyone who didn't load in before the U.S. market close Friday will be including the yahoo crowd after the U.S. market opens and those covering their short positions. Pop at the open? I expect it. Pop and drop? Doubtful. I think it may last longer than that but...not much longer. We shall see.

Same... I stopped taking overnight futures seriously about 5 years ago when they stopped having a predictive affect on the following days close.

I've learned to let go.

I do give a bit more credit to them just before the open.

The futures close has a very predictive value for the over night session.

Take a peek.

I trade it the opposite way... so overnight wiggles (ie if they were down last night ) mean nada to me predicting the todays close. By just using ta instead of overnight wiggles it said we would be closing up today ..and looks like we are going to. I don't which close you are talking about because there's more than one. And again that's why I dismiss overnight wiggles ....based on overseas action. There are better tools for me than Overnight Future wiggles

Edited by Mr Dev, 25 February 2008 - 03:42 PM.

Water and horses. M