3 replies to this topic

[sglasson]

what's your take on R2K using volume patterns from IWM etf - is strength real or fake? - thanks

[SemiBizz]

I don't like it. Same game as the rest of the market here. I can find reasons to go long or short in the chart. So can the brokers and the computers. If you are in one of these things and the trade goes against you, long or short, expect the high volume spike lows or highs to be tested. If I were to buy or sell IWM right now, #1 I would not hold overnite, #2 I would not even get up to go to the bathroom. Because when they pull the rug in this environment your money is gone quick...

[sglasson]

so don't go to the bathroom especially during the last hour - seems vol patterns for iwm not as reliable as price -

Edited by sglasson, 10 August 2007 - 12:22 PM.

[SemiBizz]

Derivatives are often misleading... that is why you get different signals today from QQQQ and Nasdaq Comp. I'm up nicely on my trades and completely cashed out, I just don't trust the ba$tards right here they are up against the wall and there are no rules in the survival game... They have the cards and the dice, it's their casino. Whatever they need now to survive, cash from the feds, fast computers and programs to move in and out before you can even click to sell or buy. They can shut the futures or exchanges down at will. I'm going to stay out of this until order is restored...