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i think we will reverse back down as this will be a choppy week, and i think we bounce around abit. but, this is a bear retracement....will last awhile

You may well be right. There is something like 3 Trillion on the sidelines. It took some back and forth action for the market to break down to 721, with the Vix still high, I think it may still fluctuate....but, who knows. Bear market rallies are supposed to be very sharp and sudden, so...

Agree. 850 for the S&P500 is key. The fact that the rally could not get above that number, tells me we will now test the 721 or so area. I need a rest! Don't know about you, but have found these markets exhausting!

Hey, look, I live in Canada, but i don't think we are too far apart. Everywhere there are adverts for jobs....yes, they are at doughnut/fast food places...but they are crying out for people. I do feel sorry for young kids who are victims of sexual/physical abuse and have just suddenly taken...

isn't it Am. thanksgiving? I thought the markets would be closed?

I/ve had some wonderful jewish friends. very warm people, and emotionally available. One weekend I was invited to a weekend of mainly jewish friends. I enjoyed very much, but one thing I learned is that there is alot of competiton in the jewish community...not sure that this such a good...

i will wait and see if the bottom is retested...it usually is. got caught once, bought the bottom, then it went up, only to come down lower....sold, and yes that was the bottom remember, the market fools the greatest amount of people gold's spike may have been a response to the fear...

well, i entered some very low orders, and got filled. after 2 days with a total of 10% or more down, seems like a bounce may be in the cards. bear markets historically have had sudden, sharp rallies. no, the bear market will end years from now...that is the long term term. seems like we...

“I think the secret is cutting down the number of trades you make. The best trades are the ones in which you have all three things going for you: Fundamentals, Technicals, and Market Tone. If you can restrict your activity to only those types of trades, you have to make money, in any market...

yes, its heading lower....but bear markets have tremendous rallies. i am stalking some buying opportunities as the snap up will be sudden and quick we have gone down for a year. a retracement is inevitable.

most traders have done the same...this in any case is not unusual. i had a big draw down...was doing great, and got overconfident. plus overdid it with a job i had and trading. best thing that could have happened,,, when i do get a drawdown, it forces me to take only the best of the best...

i agree that we're likely to see a big gap down tomorrow. we gap almost daily....would find it extremely hard to believe we will gap up tomorrow vix hit 70. found it hard trading today. lots of choppiness. and didn;t make as much as i could.

i think its fair to say that the media is dominated by jews. that is cause for concern, as there are things which are censured. i.e. we all heard of the catholic priests, and the law breaking baptists...but, how was it that the pedophile rabbis were not discussed on the media? the richest...

finally, a definitive break to the down side....surprised to see the eft's close down the last few minutes. according to my sources should go below 750/7500 or so....then a sharp massive rally for several weeks/months. perhaps we will get a santa rally....just for stock trader!

to the op, perhaps donating to charity might assuage your guilt. at least, it may favourably help your karma.:cool:

good post. agree with 10,000 hours. i was told by a great mentor that it takes about 5 years, the learning curve is so painful, which is why few make it. then i studied w.d. gann....took him 10 years, after he was an investment broker. inspired me to keep going...it is now worth it:D

about 15 mos ago i heard jimmy speak live. he was moving out of the us to singapore....going on and on about china....guess what their stocks are down way more than in the us we may be living in a post american world, but i can't see the chinese coming to the resue or dodging this...

he provides comic relief....like Shakespeare's court jesters:D :D :D

sure looks like the market is getting tired of the bear....however, not sure, at this point whether we have convincing follow thru. what i see instead is a helva lota volatility i would expect the bull camp to come in with a huge stomping rally....which surprises on the upside imho, this...

o k. i've gone thru what i could, and figure this is just a retracement. we will retest the low....as this is usually tested twice, by my calculations, we will go below 815....before making an interim bottom