Stock leaders, especially the NYSE , tend to trend longer; in that sense , generally more forgiving. Liquid NasdaQQQ stocks do also; usuall more slippage , but not usually a big problem for a swing trader.
I WILL GIVE MY SECRETS TO ALL HERE AND NOW..........WHEN THE LITTLE THINGIE THAT RUNS UP AND DOWN ON MY BARS SEEMS TO BE HIGHER AND HIGHER I THINK UP........OPPOSITE I THINK DOWN..........OR TO SIMPLIFY THAT THE TREND IS MY FRIEND....MY VERY BEST FRIEND.......LONELY LIFE HUH?
the real secret is mechanical system 100% now......that is why I don't quitposting........i want each one here to have it.........but u must earn it for yurself......i can't help u get there........only u can........hard work, many years......not like OSOCOOL and BUZZ and MY other groupies expecting it to be laid in their laps......
and to rturn to simplicity.....see cash pile up...........NO porgie is bad trader with great s ystem.........brother piles cash.......he is back with a vengeance........he sayh porgie u got good s ystem........when i trad eit i see spot run..........when i don't trade porgie system spot bites me..............he bites hard..............
where is the market headed now.........i must know that before i can trade tomorrow...........i am intraday only but i must have the answer and know all the announcements and what the level of importance is for each and 20 years ago on t his date did it go up @ 10:15 20 pts or 50 pts and what about the maria commetns screamed from the floor as she says up up today with floor traders bumping her a s they run buy and she screams louder up up and market opens and her up didn't happen...........NO EXTERNAL INFORMATION FOR PORGIE AND HIS BROTHER...........NO DISTRACTIONS........ONLY SEE THE SIGNALS PUNCH THE BUTTONS..........ENTER THE TRADE........HAVE THE EXIT IN YOUR MIND AND U R BETTER OFF.........WHILE U R TRAILING I AM PILING........
I DON'T UNDERSTAND THE NET $320............IT DOESN'T MAKE ME FEEL GOOD ABOUT YM...........SO WHAT IS IT?.........
I'd be careful going long the next few days, personally I'm going to look for an opportunity to start scaling into a short position. YM is approaching Heavy resistance area. This is chart I posted sometime in Jan. http://www.elitetrader.com/vb/attachment.php?postid=946177 Most recent thread the chart was posted on. http://www.elitetrader.com/vb/showthread.php threadid=54281&perpage=6&pagenumber=633 I also have a QQQQ chart floating around somewhere in ET that shows the q's treading support right now. The Chart http://www.elitetrader.com/vb/attachment.php?s=&postid=891065 posted here http://www.elitetrader.com/vb/showthread.php?s=&postid=891108&highlight=mhashe+q Notice that the Q's bounced off 43.31 ( 0.07 off the drawn Resistance line) and failed to retest it again. I take this as a sign of broader market weakness the since the Q's led this move up. A failure to break above and hold 42.00 next weekly bar is a sure sign that rally is over. Time to get the bobsled out.