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The late day rallies' objective is to get more ppl to think like you. I dont think we are done with the downside.

How do you trade the HSI with a 9 pt stop? I think you'd be stopped out like 9/10 times with this kind of crazy volatility. I dont know about other traders but HSI has been a nightmare for me in recent days. The 300 point gap after lunch was crazy to say the least.

Why buy into a short term reversal? I dont think we have a bottom unless the lows are retested in the near future.

There is no double bottom yet. I think the market will whipsaw a bit for a while, and it will retest the lows. That would be a double bottom if that low holds.

ES is back from the dead. Headfake followed by massive selloff? :D

Fair enough, but how do you know that the majority are bearish right now?

The bald dude's job is to calm the market, he is never gonna say anything that will possibly undermine foreign investor's confidence in US assets. Its safe to say that he isnt objective and we can ignore his comments. :D

Interesting perspective. Looks like the Vix is capable of going much higher.

I can see why there are so many "stock turder" haters now.

Where did you get that from? :eek:

The stock market will not rally unless the 10 year note stops its fall, nobody knows how low it will go right now. 5.40? 5.50? 5.75? The market hates uncertainties.

And everyone thought it would go even lower then, but its different now. Its all about expectations cos the market is forward looking.

There has always been a correlation, its just that no one really bothered to pay any attention to it cos the 10 year had been trading under 4.9 prior to this bond sell off. The market had been pricing in at least one rate cut for 2007 for many months now, what we are getting now is really...

Its not the new Shanghai, far from it.

I have bought nearly every dip since March cos there was no reason to be bearish then, but its different this time.

Anyone who bought dips when the 10 year crossed 4.90 decidedly deserves to lose.

The 10 year just hit 5.25 again, I think the bond sell off is just going to snow ball into something more nasty soon.

Day trading has always been difficult, an intra day swing like this could/would drive most day traders nuts. The fact that they have to deal with slippage and higher commissions doesnt help either.

The Dow has already broken a major trend line support, it will most probably go lower from here.

Oh yeah, 100% more upside for the 10 year note (yield wise that is). :D