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Ahah I heard this same answer in 2007 / 2008 and summer 2011. When majority still believe we will be back to normal, vol is far from spiking. So yes, it will last. CM

A pro. CM

Lol reread your posts you will find it. This is not about reading the future, this is about cycles, probabilities, market action and psychology. I had no certainties or timing for biotech but I knew first weakness would be a red flag. That s all. CM

And that s why you lost most of your profits. You were long biotech, even if some people (including myself) warned you about the coming of the bear market. You are not a trader. You are an investor, and your buy & hold approach just can't work in these volatil times. Flexibility is key. But I...

Paulson is a joke. Bass is one of the best hedge funder of the last decade. Btw, WHO are you? CM

Ok, I understand. I don't like automated systems and other quant stuff.. but if it works for you, fine. Btw, shorting commodities now, specially Gold, can be a dangerous move. Perfect 2/3 years ago, but near the end of a bear market ? Risky. CM

Anyway, your short trade was what it was, even if you are hedged : a bad call with a bad timing, just recognize it. I understand you will be right one day, and you are "a robot" (aka no emotion). But being patient with no emotion gives you a better reward. On a ST basis, I agree Gold is...

Thanks Heavenskrow, much appreciated. Dow Theory is a classic, but I would rather recommend you to study "Understanding Price Action" from Bob Volman. That could give you some insight in order to play modern markets. Today, we made a new annual low with the S&P future : 1802.50. (quoted 1808...

All is said. "Comin soon". The problem is that being right 1 month, 1 week or sometimes even 1 day too early and you are broke, out of the game. Noone got unlimited ressources and can hold forever adverse positions. Timing is key. So don't speculate, just follow the trend 'til it ends. On a ST...

Everyone sings CM

Btw, Nasdaq 100 @ 3900 => on a ST basis, it is still possible that we face a +2%, +3%, +4% pullback... maybe more ? Keep an open mind. This is a bear market, but rebounds are always unexpected, because shorters buy back their shorts in order to short higher and kill every permabull hope. RIP...

Ask you why last Friday was a "bad" day ? Because you are long in a bear market. Probabilities to make money for the coming months: close to zero. Sure, you will have nice rallies and other dead cat bounce. But how many money would you make : zero, zero and zero. Why? Because these are multiple...

1 pct is enormous. Maybe Tom DeMark reaches this number, because he makes lot of adversing . But if you find 100 suscribers, that would be a good score. There are too many different users profile with a Bloomberg. Better make money trading rather than marketing! CM

Thanks, interesting story. Trading is a fantastic game, but with rules you must master before playing. In this case, there ain't NO such thing as a free lunch. CM

Even the best price action specialists think about probabilities because there ain't no certainties. They go with the flow, and don't care when it will end. They just make sure they will take profits regularly, enjoying the trend as long as it lasts. CM

First, you don't need to learn all patterns, what is most important is to understand the logic behind. Basically, patterns show a battle between buyers and sellers, they reflect attack / defense / counterattack from both sides. For example, a flag is a classic continuation pattern because you...

Well, according to Dow Theory (which worked fine for the past 120 years), S&P is in bear market : high, new low lower, new high lower, new low lower. Moreover, we are well below 200d MA, and 200d MA is declining. You don't need to be an expert to understand game is over for 2016. After 6 years...

As I said, do not anticipate. Adapt. This is a dead cat bounce. Be ready for the next leg down. CM

"Read this book : Market Wizards". Best advice ever. If you understand how smart people and pros made money by the past, you will make money in the future. CM

This is called a dead cat bounce. So you better follow other shorters : get out and short higher. Just be ready to short again when resistance holds. Don't anticipate the next leg down. CM