Black Monday ??

Quote from T-REX:

YM Intraday Resistance is @ 10112
YM Intraday Support is @ 10020

Big Whup!

I see that I've missed nothing this morning. Black Monday is bust.
The only reasonable thing to do is to stand aside for now and be prepared to short on tommorow. I might however be tempted to short the break of today's support though. I'll make that determination later.

Any of you guys in this chop chop???

long bp, xom,dia, dia leaps from friday close long dvy from the open print. odds favor a short term bounce.
the strength in the banks say no black monday.
 
Quote from hank rollins:

holding shorts here.

Just curious. Are those longer-term, fighting shorts that will be held in the face of an uptrend ("boxers"), or are they short-term shorts with tight stops ("briefs")?
 
we have our own sentiment indicator on et. when you see 3 threads like this at once you know it must be late to short.

Black Monday ??

Another -300.00 pts down to go in the Dow!

Look for the Market to tank 300 pts today, Bull Trap!
 
The trend is your friend, sometimes the herd is where is money is at, sometimes the contrarian view is where the money is at. Have to be flexible.
 
Quote from kowboy:

Rubberbird,

We need to give credit where credit is due. Hank(surfer) recently called two remarkably excellet calls, the DIA and oil shorts.

If this is true about the DIA and oil shorts, then my apologies. I did not know of these calls.
 
Quote from rubberbird:

If this is true about the DIA and oil shorts, then my apologies. I did not know of these calls.

Making predictions although a bit of harmless fun is a fool's game. If you make enough calls sooner or later you might get one right. But one call in isolation from one's trackrecord is meaningless.

Just trade the action. Forget about predicting where the market will go.
 
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