black monday

wjk · Oct 12, 2008

YM +230 6pm US CST.

NoProblem · Oct 12, 2008

Quote from JamesJ:

yup, that's right...
i mean i trade only based on momentum anyway, but i usually am biased a bit, and today i prefer on missing out short moves and looking for long opportunities, when market seems just right... (eg. "low" open and strength... or "high" open, fall back to fridays trading range and bottoming and fast moving back up... then jump on the train...)...

we will see...

Yessir!!!

I am always biased with the longer term trend - or at least I try to be........when we are at these levels, it is easy to be biased the wrong way tho.

I read another poster's opinion saying that as long as everyone expects a bounce, forget it!

I agree with that as well.............until proven wrong that is.

Steve

NoProblem · Oct 12, 2008

Quote from wjk:

YM +230 6pm US CST.

Watching ES to see if it'll fill the gap down to 891 or so before bed time.

(Secretly hoping we zoom to the moon :-D)

Steve

wjk · Oct 12, 2008

Quote from NoProblem:

Watching ES to see if it'll fill the gap down to 891 or so before bed time.

(Secretly hoping we zoom to the moon :-D)

Steve

No economic news in the morning, I think the bond market is closed, g7 making headway, and futures moving up. Add in one hell of an oversold market with an intra day double bottom on Fri....my curiousity is peaked, long Q's at 30.50 for the weekend, and also hoping we zoom!

Hope it lasts a few days if we do.

snowhite · Oct 12, 2008

Quote from wjk:

No economic news in the morning, I think the bond market is closed, g7 making headway, and futures moving up. Add in one hell of an oversold market with an intra day double bottom on Fri....my curiousity is peaked, long Q's at 30.50 for the weekend, and also hoping we zoom! Hope it lasts a few days if we do.

I apologize

wjk · Oct 12, 2008

Quote from snowhite:

Your lil 100 shares ain't gonna make a difference .

My hundred shares will make a difference...in my account

11Blade · Oct 12, 2008

Quote from The Kin:

I disagree, Monday is up as ET is ultimate contraian indicator.

the white monday thread and everybody calling an intermediate, short term, long term bottom tells me that monday we will be down.

ET after all is the ultimate contrarian indicator.

liulala · Oct 12, 2008

Quote from 11Blade:

the white monday thread and everybody calling an intermediate, short term, long term bottom tells me that monday we will be down.

ET after all is the ultimate contrarian indicator.

exactly, too many people call bottom here, monday will surprise those bottom caller and down huge again

Kevmeister · Oct 12, 2008

liulala

Registered: Mar 2005
Posts: 140

10-10-08 03:26 PM

my 23 years saving lose 40% in such a short time, i am out now.

byebye wallstreet, never trust a dime with this animal

Looks to me like you are hoping for a crash because you liquidated close to an interim bottom.

gkishot · Oct 12, 2008

Quote from liulala:

exactly, too many people call bottom here, monday will surprise those bottom caller and down huge again

Markets don't go down forever. The lights are not out yet.