[Cogniato]

YM is the ONLY index that has its own internal based oscillator, which makes it ideal for day trading. This oscillator is called $TIKI (NYSE) - (Tradestation), same symbol on most other datafeeds. TIKI goes from top (+26+) to bottom (-26-) every hour. Trade the turns from extreme. the DJI is easier to trade than most indexes because you can keep track of 30 stocks, and it is the only index that is price weighted vs. cap weighted. That means what you see is what you get - a turn up will probably last for a while enough for you to snag a long profit and a turn down will probably last enough to snag a short profit. Do this over and over and over again, until you are 70. I have a very, very wealthy good friend in Chicago that has been doing nothing but this since the 70's using the ticker tape at brokerage houses, with buying or selling the individual DJI stocks, since there was no YM yet. He still does it now using a computer and trading YM (Much simpler and much more cost effective), and he is now 72!!! Gives his profits to charity. It's a game. Sometimes I think that I am a fairly good trader, but I am humbled against experience like that!!

regards,
Cogniato