October 28, 2005: TD

Ya ya, nice TD for sure! Me like it very much... How's the new format?? I think it's very coolamente hehehe... This market is on drugs fer shure :P .. if one looks at daily it's obvious that we're still in flag pattern, so 1 day up 1 day down... yoyo! Today there were 2 trades, the first one was risky but hey! The 2nd one is the a typical 10m system entry with everything under the sun confirming :)

This market is going nowhere to the upside until the dow moves its butt off 10550-650...that's what I'd be watching... Semis are just terrible and that's what's throwing off the bullish scenario... As for Monday, I'd like to see a follow through on the upside after today's TD.



The system is based on AB (ER) trades, but YM can be trades as well as long as it's above/below its ema and serves as nice confirmation. Should point out to earlier flag on YM in the morning below ema but everything in market was pointing up so no trade there! Both AB trades reached their targets easily... :)