I think Mr. Market is pumping liquidity into Goldilocks as we speak. I hear she likes it from behind. Whisper M3 in my ear Mr. Market it makes me so hot.
Too funny. 9 am was the set-up for the drop. Panic selling at 10 am with the bigger fish gobbling up the liquidity at the bottom.
Until that behavior changes well......
Which hopefully is never. Patterns....
Look at the cumulative chart its looking very divergent and toppy. Compare with price chart. That flip turn was also very toppy. Haven't seen one that dramatic in awhile. Post-op exp typically very weak so we'll see what happens through Tuesday.
So far a few traders have positioned...
No cross below support---not allowed.
Stair step higher. Bang against support.
Nice flip turn though at top today around 2 pm EST with the buy stops triggered.
Still in an attenuated range though consolidating the last move up. This is getting monotonous low pre-market. Make it red...
Holy guacamole batman!!! Where were you ten years ago when I was all aglow with visions of lear jets?!?
Alas reality sets in and yes, sorry to say folks but this is a real job. Oh well.
But really, really, on the mark.
Sometimes just for kicks or more likely ego I'll countertrend trade a massively lopsided trend after an initial drawdown just to say F#ck You to the world. I may take home alot less money that day but whatever money ain't everything.
Which is why I just beat a guy senseless for grabbing the nickel I dropped on the sidewalk. You never know when I might need that nickel. For instance I could leverage that nickel into $25 by putting it in the parking meter and avoiding the gestappo meter maid ticket.
Besides that nickel...
No doubt. But everyday is like groundhog day. Buy, buy, buy.
When the sell-off comes it won't be as dramatic as the past more like May 2006. Curbs in. Shut er' down.
But I too smell volatility around the corner.
From Madrid9:
New Post 01-14-07 09:34 PM
I am trading with advantage over others
or edge whatever you want to call it
the fact that you don't do 300% per year shows that you are not as good as me
that simple brotha
and for your info, this is my 8th year in the market
That...