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My neck hurts. The whiplash from the vultures waiting to sell that spike was fairly vicious. Like watching a piece of meat being torn apart by jackals. The H & S forming now is ominous looking. Scary ass volatility. The market is anticipating very bad news. I could be wrong but this rally...

Too many shorts. It will continue to squeeze higher until the shorts capitulate then make up whatever news you want. The market rallied through a hurricane in the streets of DC and NY. We don't even have the money for cleanup----rally. Had that been 2 weeks ago it would have been armageddon...

OK now after the BIG 2 day rally this is looking like a relief rally. Set-up for the flush. But it looks like it still has some short legs up to suck in more money before the flush. ???? The previous short squeez in June or was that July was a wicked upside move. Now we do those in 2...

True. The question is whether or not this has been priced into equities. Some (US Domestics with big casjh balances, share buybacks, and dividends have already been bought). Riskier assets have gone sideways or down. Do we go lower? Sure could. But price action lately has been bullish...

Yeah it's hard. Friday we had a sharp sell-off followed by a big rally. My take is you have different participants. Bots, program trades, and position traders . The bots and programs SOLD but the position traders came in and bought the crap out of the market. Who? Who knows and cares...

Yes. Thank you. I read but rarely comment. Today's action is indicative of new (or should I say ongoing) bearish sentiment. The rally got sold. Few are willing to buy at the top of the latest rally. Not very reassuring to longs.

http://www.barchart.com/charts/stocks/$MMTH http://www.barchart.com/chart.php?sym=$MMTH&t=BAR&size=M&v=0&g=1&p=MO&d=X&qb=1&style=technical Look at the monthly. It isn't going to reverse overnight. But yes we are oversold on many measures. Usually when it goes this deep it takes a little...

Disclaimer: I did not read this whole thread but sampled a few comments. My take. Trading courses are worth MORE than they cost. I make money in the markets now but anything that reduces the TUITION to learn is worth it. I only wished I had listened better...... Pay the money and...

The market is technically broken. The chart (s) now point to 950 (or lower). 1057/1066 is a stop on the way lower. I am glad I am a trader. Lots of people are going to be talking about how traders are killing the markets. Kinda like the mouthpieces that say look at this all the while...

NEVER underestimate the FED. 1057 or maybe 1066:D :D

OMFG. I just pointed out something you're gonna hear about. I would be a bit alarmed that no one is talking about it. Takeaway: We haven't bottomed yet.... Disclaimer: Please do not listen to me make your own investing decisions.

You're not reading again. Death crosses are usually a buy signal. But I still wouldn't step in yet because we have stuff flyin' around behind the scenes. We removed the risk of the Flash crash turnaround. This is more pronounced. I smell a lot of long desperation though. We are getting...

Not that anybody critically reads much but this was TODAY. I am wondering why nobody said anything. I guess they're all too busy scrambling.....

The market has an uncanny ability to predict. That is to say you never know unti later whether or not you're in a recession or depression but this is certainly acting like it. Lastly not all market dips presage a recession however this one every week makes it more of a self-fulfilling...

Tomorrow is another down day.....

Bulls will get their chance to support this sell-off. We'll see if that is today, tomorrow next week or whenever. All we need is a little more bad news and we'll have enough momentum to break through prior lows. Bad omens: Oil down nearly $4 approx 5% 10year notes at record...

We broke lower. Globex plyaers got a headsyart. Gap will try to fill but this is not looking good for bulls. Very unlikely to rallt until support is filled at 1100 range.

Bingo. Tommorrow may form an expanding triangle. Expanding triangles suck the most people in before finally breaking for a significant move. I still think we break lower but beware the expanding triangle.

We're ranging. Very negative stuff out there and yet market barely sold down. We basically had an inside day and closed in the mid-range. So the boundaries are the same as today with the exception that breakouts up (or down) will likely reverse through and the direction will change. So if we...