Kudos to MMs

Quote from riskfreetrading:

You are missing gravity and its effects, and also the solid ground, which can create discontinuities in speed when the ball hits it. In other words you are missing shock waves among other things. Do not reason in a continous and closed world. As for the energy that disappears: it does not. It takes the form of energy swallowing shares from men holding bags to men with deep pockets, intellect or both. The former are known as bagholders. The latter are smart money.
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Today showed the effect of energy that swallows shares. Tomorrow it might be tested, then we should be back to old models.


Nitro: after tomorrow, as per above post, your model would be back to working fine, because what it seems to miss is by now out of this world-- but may reappear in the future.

Could you update us on the numbers?
 
Quote from nitro:

I am going to adopt a scale used in Vulcanology to describe the magnitude of explosion, to describe how far above/below "FV" we get.

http://en.wikibooks.org/wiki/Volcanoes/Basics_of_Volcanoes

So,

Gentle is 5-10 handles from "FV"
...
Cataclysmic
Paroxysmal is 75 to 100 handles from "FV"
Colossal is 100 to 150 handles from "FV"
Super-Colossal 150 to 200 handles from "FV"
Mega-Collosal is 200 to 300 handles from "FV"
Fortunately is 300+ handles from "FV" (probably someone dropped a nuclear warhead on a major city in the world)
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This is similar to the scale used for olive sizes where a small olive is desciribed as large. Thus: large > giant > super large> colossal> super colossal.

But i have yet to see a can of olives labeled mega-colossal. I look forward to that day.
 
Way OT but I find the larger shrimp sizes funny considering the literal meaning of the word shrimp

Extra Colossal
Colossal
Extra Jumbo
Jumbo
Extra Large
Large
 
Quote from GTS:

Way OT but I find the larger shrimp sizes funny considering the literal meaning of the word shrimp

Extra Colossal
Colossal
Extra Jumbo
Jumbo
Extra Large
Large
More...
LMAO

:D
 
Quote from riskfreetrading:

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Could you update us on the numbers?
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Imo, as I write this, we are approximately 135 handles from "FV". Don't buy it. You first have to get a base. 682 SPX has a good chance of being it, but you don't have that evidence yet.

On the other hand, if you are an aggressive trader, and you can put a stop loss somewhere south of 682, with the idea of making 100 handles (risk 17 to make 100), this is a good a point of entry as any.
 
The RUT is down 4.5% today, vs 3.4% for SPX and 2.2% for NDX. Generally, that relationship does not bode well for confidence at a level. You want risk taking at a bottom, and often means small caps. Although, NDX has been holding up really well, comparatively.

Generally.
 
Financials are a friggin greek tragedy. Market in grave danger of making new bear market lows as a result. Even JPM is losing double digit percent on a daily basis.
 
If you took long at 682.xx, you want a trendline break at 692. Then you want to watch the gap fill on 705 to about 712.50. Those are the targets.

The wind at your back is NQ is holding strong.
 
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