Anyone else finding this market madening?

$ndx has had a red hollow candle and a black candle back to back on the weekly chart

that's the definition of trickiness and chop
 
Lots of volatility and no direction, not a good combo. There were some good days, though. Yesterday was good if you got long before the Fed announcement. I didn't because that's usually a crap shoot.
 
Quote from swtrader:

technical analysis is having a lot of fakes

if you have a stop you get hit

if you dont, the move is 'The Big One'

really got nailed today

just feeling very frustrated

and i truly dont have a long or short bias

tried to delete the thread realizing what kind of responses ETers usually give to a confession like this, but couldnt delete it
More...
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Well swTrader, we usually see more of what you admitted;
especially due to the timimg -12-12-08

QQQQ,SPY went from about as good a downtrend[bias];
Sept, Oct,Nov, DEC 1st about as good a downtrend as as it gets.

12-12-08 week it went sideways[ sideways trend bias];
QQQQ open $29.55-$29.68 close of week.

They both now closed above 50 dma;
so it[trend bias ]changed.Another clue the trend changed, my shorts lost money.....................Just another business exspense.

Profitable traders freguently have a bias[and know it;]
the markets have a bias[up or down or sideways/trend]Not many made money on longs- Sept-NOV-DEC 1st; because of its downtrend bias
.

Dont agree with his politics;
but MR. Sorsos said markets have bias,agree. :cool:
 
Quote from swtrader:

technical analysis is having a lot of fakes

if you have a stop you get hit

if you dont, the move is 'The Big One'

really got nailed today

just feeling very frustrated

and i truly dont have a long or short bias

tried to delete the thread realizing what kind of responses ETers usually give to a confession like this, but couldnt delete it
More...
Tell Uncle Sam to quit messing with the market!
 
i got ripped this week
i had a a solid month of profits, bet. 30-1100 bucks everyday, but this week i got ripped. So far only one day + this week :(
 
Quote from robbie380:

rofl you have a lot to learn if you really believe that. do you think the noobs with their 25k accounts actually move things?
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:D

Agree ro380;
but with one exception.
When investors, traders new,or semi new;
all, like a herd of wildebeasts enter orders premarket,NasdaQQQ market makers may help them gap move it, a bit LOL:p

Also,op;
read Jack Schwager 3 top trader books,
especially Bill''turtle'' Eckhardt,
TODAY ,takes/solves wisely a bit of the hardness you are experiencing.........................
 
if you trade smaller, use wider levels to get in an out,
and pay more attention to the headfakes going on at this time of yr

you still have a chance to make good money instead of losing it

:cool:
 
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