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Is the YM the new ER2?
Today, 7/25/07, the YM is all over the place. On the other hand the Russell looks relatively well-behaved. I've noticed that the YM has been more and more erratic lately and seems to be attracting more and more attention from traders and, unfortunately, black-boxers. It's becoming more like the ER2 used to be. Or is it just my imagination? We are a definite moment of truth on the DOW and bottom finding is usually very erratic. But still...
Wow the tape just flew by faster than any future contract I've every witnessed. How weird!
Perhaps the YM will become the contract de jour and the Russell will calm down and become more and more like the YM used to be. Pleeease. I love having to trade only half as many contracts for more profit potential.
All I know is the days of 10 point stops, maybe even 15 point stops, on the YM seem to be over.
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Just what, exactly, are you afraid of?
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