Search results

Who is fussed about August? We must just trust the market thrust!

I'm sure no one would be silly enough to believe that you could move the markets by making a few posts on ET.

Phew! Thank God for that! Thanks!! :D

That's what I meant - the July candle with it's long wick and low close is very bearish. I think a long term bull would be waiting to buy at lower levels.

Such is the nature of a top. But last month's candle was very bearish by all accounts - a sharp rejection of the high. How much you read into monthly candles is another matter.

Do you trade or just give a running commentary on the markets? In times of volatility like this the futures will swing up and down in the after-hours sessions. It means nothing. Stop fretting over every little tick.

Excellent contrarian indicator there.

EqtTrdr turned bearish a few weeks ago. Good timing.

You buy when you think the price will go up and take profit when you think it will go down.

lol?

Other late sell offs earlier this month were followed the next session by big up moves. It's difficult to read too much into them.

Very true. The SPX charts don't follow any textbook chart pattern - maybe it can best be called a deformed triple top but the key thing is that the retracement lows were taken out which indicates significantly lower prices to come.

Only the wishful thinkers could believe anything other than that the bull market is dead for the time being. What are some technical targets for the bears? I'm focussing on the 12750 area being the 61.8 fib level of the move up from the March lows and resistance turned support. Anyone else have...

Wow that's really cheap! As an alternative you could download the free pdf widely available on the internet.

Don't make the same mistake I did! On the advice of posters on this board I got a cheap 80GB IDE hard drive thinking it wasn't important because it's a trading PC so storage is not important etc. A cheap hard drive creates a bottleneck in the system that slows everything down. Get a modern SATA...

It's just you. They're reading out stuff from Bloomberg, Reuters and Briefing Trader just like before. The economic numbers are still there and that's what matters.

EVERYONE in the world lives in America and EVERYONE uses the same time zone. God Bless America!!

Welcome to the new ER2 on ICE!

Yes but the question was the benefit of hedging as opposed to simply closing your positions and buying back at a lower level. You brought up the subject of hedging as if it was some holy grail but for all you know the OP may have been talking about futures in which case it's much simpler to just...

He asked you a perfectly fair question. Why not answer it instead of shit talking?