Friday "Hot potato" sell off routine.

Quote from indahook:

I`d say enough down days have occurred and you are now sufficiently trained enough to get short on the rally, plan for the dump, and then they rally till the close after this congestion clears up. :D
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Beers on me...:D
 
Darn.. the small late buying rally is annoying! I hope this doesn't signal a reversal of a down trend. I was expecting to see a sell-off in late market; but I guess buyers are enticed to come in thinking that the sell-off has temporarily stopped. Most stocks are discounted 5-15% since the peak in late April and early May.

It will be interesting to see how the market reacts on Monday. I was hoping to buy more stocks.. but I will wait (patiently).

I want to see DOW closes below 9,900.
 
Quote from shortie:

respectfully, i beg to differ: :D
**edit** today is not a down Fri, so the study is irrelevant. but it is relevant as far as the cost of weekend fear when Friday is red.
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1. your experience showed.
2. the quantifiable edge guy using stats.

do you have any idea what sort of trading platform would you allow you to make those kinds of queries easily?
or is that just programing a typical platform like tradestation?
 
Quote from jem:

1. your experience showed.
2. the quantifiable edge guy using stats.

do you have any idea what sort of trading platform would you allow you to make those kinds of queries easily?
or is that just programing a typical platform like tradestation?
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i don't know what he uses. each of those studies are likely programmed individually.

the guy should chime in assuming he reads ET.
 
Quote from shortie:

i don't know what he uses. each of those studies are likely programmed individually.

the guy should chime in assuming he reads ET.
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You should have stopped at "differ". Instead, you "begged to differ".

Easy trade....just watch the volume. Regardless of the stats, watch the trading.
 
Quote from KINGOFSHORTS:

I would not be surprised if you see a big sell off in the afternoon before the weekend. No one wants to hold equity hot potatoes on a weekend, who knows what new surprises get announced over the weekend to spook the markets come monday.

Options activity and tape show looming selloff coming soon.
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can i subscribe to your newsletter i got DISCOVER lol
 
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