Isn't short selling banned yet?
Panic setting in?
- Thread starter EMRGLOBAL
- Start date
Looking at gold and the currency market. I would guess it will be an orderly sell off. A couple hundred point by the end of the day. Everytime this happens some of the global ecomonic contagient gets pulled out of the system with out much notice. I bet the PPT get alot of nonsense off thier books during the chaos. I would not be going long at the bell.
Akuma
Akuma
I smell flash crash. It's orderly and yadayada until something blows up. Derivative exposure and all that funny stuff.
Probably just for the Bernank. He seem like a really good fall guy for the whole mess. Things could be easily pinned on him. If you have ever been on a review board this is how the dirty gets done. Let others take the fall for your mistakes.
Welcome to Neo Feudalism,
Akuma
Welcome to Neo Feudalism,
Akuma
futures only pointed to a 1% down open....
Was not looking at the right quote.
Nevertheless, markets end up closing in the green after testing support.
A perfect opportunity to short into the close once again. However I did not as I was not near my monitor. However, looking at the charts...that last 15 minuets was a gift to short into.
Risk Reward, is on the Short Side IMHO. Regardless of the futures bouncing off support.
Was not looking at the right quote.
Nevertheless, markets end up closing in the green after testing support.
A perfect opportunity to short into the close once again. However I did not as I was not near my monitor. However, looking at the charts...that last 15 minuets was a gift to short into.
Risk Reward, is on the Short Side IMHO. Regardless of the futures bouncing off support.
Quote from Lojanica:
So the market would gap down and make a new low if we were gonna rally from here. Why? Market mechanics. All the shorts and sellers would add the fuel needed to blast through all the previous sell points and garner strentgh. With vix at 40 we cna easily have 50 point range days without being "out of the norm" of this trading environment. The gap down by 10 does show that we have an extension of negative sentiment from Friday. But consider no 911 major catastrophe, news will be sprung re: Europe circling the wagons, etc. But I think a lot of people stepped aside again after we failed to hold 1200 and will just watch while this flops around.
If we gap down but remain rangebound (like we are) then you have no edge.........:eek:
Well the market broke down to a new short/intermediate low and guess what it rallied. Never changes......