Market crash on monday?

[plyka]

Quote from AK100:

Look at the weekly charts of both ES and NQ.

The recent selloff looks like a minor retracement of the uptrend. Probabilities therefore suggest that this weakness should be bought.

Buying weakness has been the right trade to make since the 2008-09 lows so until it stops working it's the right strategy to employ.

Buying weakness is also a hard trade right now, and a hard trade is normally a good trade.

This is very dangerous advice in my opinion. The ole, find a trend / buy a retracement bit works less often than it doesn't in my opinion.

The better advice in my opinion is to WAIT. You don't always need to do something. Don't think, it's sold enough, now it will turn it around. Let me tell you, the stock market is unlike gold for instance. Gold reminds me of a sports car while the stock market is like a train. Gold can hit a bottom one day and start running immediately. The stock market has wide turns so to speak. It can't just turn it around one day, especially coming off such a drop. When the trend has this much force, in the market at least, it takes a while to turn it around.

I'll bet that once this market makes a bottom, in retrospect you can look back and say "damn, that bottom took a month to form." It's not going to be a V shape bottom.

So what's the point of jumping in while it's collapsing? Wait til it shows you something, you'll have plenty of time.

 

[plyka]

Quote from MarketOwl:

No, the bonds are rallying because everyone and their mom are putting their money in bonds. Stocks are hated. All the inflows go to bonds these days. And Banana Ben keeps buying bonds with printed dollars too. How can they can they go down in that kind of environment?

Bonds are rallying because...well, because it's a blow off top to a 30 year secular bull market, lol. If it isn't for this reason then it's for that reason. Either way, a major flow of funds is finding the bond market. I think it's a blow off top right here right now, but we'll see. You could have said that about the NASDAQ at 2k, 3k, 4k and 5k.

I think the end of the bond bull will come with collapse in the dollar as well. Currently i believe 80%+ of the bonds are being purchased by the FED in their helicopter drop cash operation. Any government with a fiat currency plus central bank can make their bonds rally daily, all they have to do is buy more of them, lol. The problem will always arise when the currency gives out.

 

[plyka]

Quote from Deadwood:

Simply put...No....Anyway you want...I'd never let your type close enough to me to hear your voice.

Plus, let's just say you and everyone here were programmed in such a way to be good traders, and had the dollars to be effective, and by some stroke of magic I, or someone like me, where to convince all of you of the errors in your ways..How then would I replace the superior feelings I get whenever I swing by here and read the nonsense you pikers write?

Looks like some folks are taking full advantage of the anonimity of the Internet, lol. $10 says that this deadwood guy is overweight, ugly and has a tough time with the women, and he is taking out his inadequecies on the anonymous readers of this board. Anyone who fails to give any specifics, but just hopes people take him at his word that he is a master trader, on the INTERNET no less, is most likely a worthless liar.

 

[Chuck Krug]

Doesn't look like it.
ES -0.4%
Dax -1.2%
some weakness but no crash

 

[failed_trad3r]

Quote from plyka:

Bonds are rallying because...well, because it's a blow off top to a 30 year secular bull market, lol. If it isn't for this reason then it's for that reason. Either way, a major flow of funds is finding the bond market. I think it's a blow off top right here right now, but we'll see. You could have said that about the NASDAQ at 2k, 3k, 4k and 5k.

I think the end of the bond bull will come with collapse in the dollar as well. Currently i believe 80%+ of the bonds are being purchased by the FED in their helicopter drop cash operation. Any government with a fiat currency plus central bank can make their bonds rally daily, all they have to do is buy more of them, lol. The problem will always arise when the currency gives out.

Agreed. A multi year top in bonds or a multi year bottom in bond yields is probably.

 

[johnkurtz]

Quote from johnkurtz:

My hopes are pinned to a gap up open Monday, slow retest Friday's lows, then proceed to close completely the gap higher. What happens after...

 

[Lucrum]

Quote from failed_trad3r:

Agreed. A multi year top in bonds or a multi year bottom in bond yields is probably.

"Is probably" what?

 

[hajimow]

I don't know about market but some positive things are happening in YHOO. Check it it. Good for swing trading.

 

[Tsing Tao]

Quote from Lucrum:

"Is probably" what?

If it weren't for the period at the end of that incomplete sentence, I would have speculated that his house might have exploded at that precise moment.

 

[atticus]

Quote from logic_man:

You have a link to that or is this something you are speculating will happen? Not trying to be lazy, but don't want to go looking for a story if this is just your speculation.

No, just f*cking with the shorts.