crashing?

Quote from TD80:

Guys, I think alot of people here (including myself) have not experienced a true "crash" live. I just look at october 87 historical charts in sheer horror.

I think we are seeing alot of similarities between 87 and now, but there are quite a few differences also.

It's very tough to call a crash ahead of time, and even if you're right on entry... where do you get out?

Goodluck,

I was trading full size Spoos in my 3rd month of trading. Made a bundle that day, and didn't know shit at the time. I was already planning my retirement at 30. I eventually blew that account out.

Jay
 
Quote from harrytrader:

Fondamentally it can't crash with low rates. So this should be just a consolidation as I said in my newsletter there are some potential at least to 10889 on big scale (and more if affinity). 10556 is also on big scale an intermediate level we are consolidating now.

Just to remind the importance of 10556 (btw can also see before 10497 which was just retested today)

<IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=466592>
 

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Real Top today = 10558.66

Quote from harrytrader:

Just to remind the importance of 10556 (btw can also see before 10497 which was just retested today)

<IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=466592>
 
I only forecast intraday top or bottom normally, I intend to forecast upper scale with same kind of accuracy only when I will have the stats about noise of my model on these scales.

Quote from waggie945:

What are you trying to say . . .

We have another 80 Dow Points on the upside left?

Then what?
 
Failed again yesterday at 10553 :D

Next time we should pass it :)

Quote from harrytrader:

Just to remind the importance of 10556 (btw can also see before 10497 which was just retested today)

<IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=466592>
 
We're going to retest it and ... :p

Quote from harrytrader:

Failed again yesterday at 10553 :D

Next time we should pass it :)

Quote from harrytrader:

Just to remind the importance of 10556 (btw can also see before 10497 which was just retested today)

<IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=466592>

 
Sorry after Friday's close the weekly is not favorable yet to the Bulls: we're just on a potential Feynman Local Top at 10485 so a consolidation can still go on before an other (yet hypothetical :D) up leg:
<IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=482501>

Quote from harrytrader:

We're going to retest it and ... :p

[/B][/QUOTE]
 

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