bull market has resumed

Quote from lynx2004:

so far last thursday's low has not been broken and it managed to have higher lows amid all this volatility and two re-tests. seems it will close about 9-10 points higher than thurs' intraday low. so i think it's still ok for a short-term bounce. Are we in October?
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Yep, it's October...
 
Quote from MacroEvent:

screw the waves --- watch the liquidity!

the bottom is under attack! there is still tension building for additional downside movement --- the big boys here have one eye on the exits and the other on price.
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Can see that Macro ... thanks
SPX 1174 held today, not sure it will for long, 1161 next!
I'd watch the pivots. We're
b
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t
t
o
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!
 
Nowadays most traders are used to narrow range markets. It seems these last few days have made a lot of people panic.

Anyone here remember thanksgiving 2000?

I am still fascinated by that episode...here is just a recap:

Friday after Thanksgiving, nasdaq rallied 5.4% (149 points) <<<sucker

Next Monday-Thurs went down 306 points (-10.6%) <<<sucker

From that bottom, it rallied back 292 points (11.2%) in 3 days, of which 10.5% (274 points) came on just one day (12/5/2000).



So which is better, markets now or then?
 
Quote from Apex Capital:

HUGE outside reversal bar in place today.
4th Quarter trading low has commenced.
The trend is now biased to the long side.
1207/1211 next resistance on SPX
:)
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We hit a little speed bump today no? Tough day to hold onto your longs. :D
 
Quote from lynx2004:

Nowadays most traders are used to narrow range markets. It seems these last few days have made a lot of people panic.
So which is better, markets now or then?
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For traders: then
Investors: now
 
Usually an investor, but been trading this market lately.

Actually, being an investor during a correction is boring.
I'm usually on the sidelines.

You guys must be rubbing off on me.
Opened an Interactive Brokers account this week :)
 
the GOOGLE EFFECT?

I noticed this a while back: see chart

Goog announced earnings in April ... gapped up ... the market rallied with it ... and while Goog consolidated it's recent highs ... the market made it final bottom about a week later.

Interesting parallel!
 

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Quote from Maverick74:

We hit a little speed bump today no? Tough day to hold onto your longs. :D
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Mav, since I was very sincere in answering your question earlier about Thursday's plunge and how it affected my trading and fund, could you please tell me which one of the guys in the following photo from the Chicago ET Traders Expo is YOU???

DSC00404.jpg


You aren't the bald guy with the big nose, glasses, and the flash bulb bouncing off his forehead with your arm around the guy in the pink pants, are you?

Tell the truth now!
:D
 
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