Black Monday ??

[LondonUSTrader]

Quote from Chagi:

Hehe, using Yahoo forums as a "moron index", couldn't agree with you more.

I think sentiment indicators are useful, however, I would be careful of using them outside of the bigger picture.

It is not only are people overwhelmingly bullish or bearish, but also have they acted on their convictions as well. Only once we get to extreme levels where people also throw in the towel can there be a turnaround.

I do agree that there are lots of bears in the market at the moment, but that by itself doesn't necessarily indicate a bottom.

I am very mindful though that there just seems to be more selling pressure around than we have seen in a long time.

 

[EtfTraderLives]

I dont know how you guys/gals can sit at your desk all day watching quotes and charts flicker on your screen in this '70s type of market.

Why not take a long term short and go enjoy life!

 

[jficquette]

Quote from xbrxx:

ITS THE END OF THE WORLD!!!!!!

Only as we know it.

John

 

[iceman1]

Quote from Apex Capital:

Hey Ice . . .
How do you think those IBM market-makers in the options pits feel? They have got to be so freaking pissed that they feel like getting ahold of an AK. A total hose-job for them.

for sure.... I had lots of options positions that were just f-iing fine until IBM f*cked it up! LOL

 

[iceman1]

Quote from Apex Capital:

Those quarterly reports just went out, so I'm sure that Grandma and Grandpa are taking a seriously look at them . . . As to anyone that has Internet access . . . it's already the HEADLINE STORY ON YAHOO:

http://news.yahoo.com/news?tmpl=story&u=/ap/20050415/ap_on_bi_st_ma_re/wall_street

Now all we need is to see INTC guide lower on Tuesday and that will give us the capitulation we need for a trading low. I'm not looking for a Black Monday, just 1126/1124 in the SPX.

as typical the scoundrels are likely looking to bottom the market on INTC report-day as the maggots always seem to do. The Q is will they jump the gun, and start any rally prior thereto?

ICe



p..s what happened to the "signatures"

 

[empee]

its WORSE than THAT he's DEAD Jim!


(We come in peace, shoot to kill!)

 

[iceman1]

Quote from Samson77:

Too all you guys that are trying to catch this falling axe ... I have one thing to say... are you nuts!

:eek:

Markets like this just don't stop and turn around on a dime!

perhaps not... but you've heard of V-bottoms... non? We have seen them before susbsequent to parabolic down moves.. and always we ask "what will be the catalyst to move the markets (higher)"? Been that way for 18 years that I can recall. Things like the "Asian Crisis" etc. etc. etc. etc.

regards,

ICe

 

[BloodTrader]

Whoa... Put/Call ratio...

http://stockcharts.com/def/servlet/SC.web?c=$CPC,uu[w,a]dacayymy[dc][pb5][vc60]

hmmm...link is broken for some reason...copy the whole thing to browser and you'll see...

put/call ratio at 1.42

m

 

[stock777]

Those "0 0" google eyed Covered Call sellers are doing real well this year. Easy $$$

 

[chrisofj]

Quote from Lights:

putting things in perspective. one of the best trading months for me was in july and october 2002. putting black monday aside for a moment, look how this particular selloff compares to those two months.

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=spx&sid=0&o_symb=spx&freq=2&time=10

Hey just curious, but it seems your point is that compared to those periods this is still pretty much low volatility and not much of a decline in comparison?

I NEED SOME VOLATILITY and don't tell me forex lol....