If We Have Heavy Volume Soon, Look For A Major Breakdown

Quote from ByLoSellHi:

If you've been watching volume, notice that in the AM, volume is incredibly light, slightly higher volume (but very slightly higher) in the afternoon lifts the indexes very slightly, and then everything coasts into the close flat.

The next heavy volume days are much more likely than not to be selloffs.


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Quote from ByLoSellHi:

If you've been watching volume, notice that in the AM, volume is incredibly light, slightly higher volume (but very slightly higher) in the afternoon lifts the indexes very slightly, and then everything coasts into the close flat.

The next heavy volume days are much more likely than not to be selloffs.
 
Quote from hels02:

In all seriousness, I worry about this market too. We do need a bigger correction, if only to get people to panic and get out so there's more money to come back in later. We need people shorting and expecting the worst at any time. We need the wall of worry.

However, things today are different than they used to be. The reason things were so bad in 1929 and even 1987 was leverage and margins. The laws about what's permissible today is a lot different from what it was. In 1929, you could put up 10% cash and margin 90% to buy stocks. That's impossible now.

Even if we 'crash', we have measures in place to prevent serious the catastrophic kind from happening again. From gov't buy back programs (that Treasury dept plan of action) to simply shutting the Exchanges themselves down so the automated sell programs don't all kick in at once. What is it at? 10% crash and everything kicks in to stop a freefall?

While a correction may come, a crash isn't all that scary anymore. It's not the crash we need to worry about, it's the slow, slow, stairstepping down to watch out for.

And we're not there yet.


I believe they now stop the "crash" at unched. If the mkts are unched on the day the markets shut down for 3 days and the PPT steps in to buy everything back up to high levels..
 
Quote from ByLoSellHi:

I gave you mad props on that call. You know that I did.

It took brass balls to buy back then, and you were handsomely rewarded for your cajones.

But that's the irony. Now is not the time to buy.

'Then' was the time to buy.


I agree 100000% percent...

one day this market is going to get crushed...

question is do shorts have enough bankroll to hold till then?
 
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