market opens up big then will DROP

N

NY_HOOD

the market will open big because of Gustav but we all know the s&p is trading at 25 times earnngs and the street will sell this rally. market is'nt in the basement because of Gustav so it ain't gonna sustain a rally because of Gustav. short the strength....
 
Quote from NY_HOOD:

the market will open big because of Gustav but we all know the s&p is trading at 25 times earnngs and the street will sell this rally. market is'nt in the basement because of Gustav so it ain't gonna sustain a rally because of Gustav. short the strength....
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nice call.
 
It was a nice call and also reinforces a BAD habit, which is trying to guess what will happen. If you can do this everyday, I will retract my statement.

On a similar note, I noticed that the Vix was only very slightly down while the market (ES) was up 20pts. I thought this was very strange, Vix should have been down much more. Anyways, market did come in a lot. The world makes sense again :)

Quote from NY_HOOD:

i made this post PRE-MARKET. I told everyone this would happen,it was so damn obvious.
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i only make those calls when its obvious to me,which is maybe once or twice a month. as far as individual stocks,i am much better and usually pick one or two pre-mkt and go with one or perhaps both and get out very quickly and then shut down my computer. otherwise i sit patiently for a set up and if i see nothing, i simply DON'T TRADE...
 
Quote from NY_HOOD:

i only make those calls when its obvious to me,which is maybe once or twice a month. as far as individual stocks,i am much better and usually pick one or two pre-mkt and go with one or perhaps both and get out very quickly and then shut down my computer. otherwise i sit patiently for a set up and if i see nothing, i simply DON'T TRADE...
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very correct, ny hood is astute

you can't predict EVERYDAYS price action
but some days price action are very pattern like, so it rings a bell instantly.
 
remember the most important thing i said:
:i sometimes sit patiently for a set up and if i see nothing,i simply don't trade".
damn it, thats discipline........seriously,thats what i do.
 
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