Thank you. That's very kind of you to say.
Paying YOU $10,000-$50,000 Cash Bounty to hook me up with the right firm
- Thread starter Rearden Metal
- Start date
i always knew you were a true BSD, tdog. thanks for the confirmation.
surf
isn't the symbol SKF for ultra short financial pro shares?
suggest taking a look at the options here
surf
suggest taking a look at the options here
surf
Hey, I give ya 50%+ in under 4 months (with almost half of that gain coming the very next day) ... and that's not good enough, because you <i>also</i> want the pick to be some kind of surprise long shot? (Just playin'.
)The thing is, many traders were disappointed with today's action, because we didn't form the classic 'massive downside VIX 35+ capitulation in the morning, with V bottom and rally all the way back up' pattern. I was really hoping for it, and we were kind of <i>due</i> for that specific type of bottom, since we've now gone quite a few market bottoms without getting one of those. Lacking a proper high-VIX capitulation, This week's action leaves me highly uncertain if we've bottomed out yet, or not. Volume was sufficiently 'bottom like', but the channel hasn't even been broken to the upside yet. Inconclusive as hell, which is waaay less cool than knowing exactly what's about to happen next.
Like I've said before, I still expect a repeat of 2006:
<i>This summer, oil will find a top and stocks will find a bottom, followed by a combination equities rally/oil plunge starting in early fall.</i> The thing is, at this point it's very hard to tell whether or not that oil top/equities bottom is behind us. Tough question, isn't it?
Quote from Rearden Metal:
Hey, I give ya 50%+ in under 4 months (with almost half of that gain coming the very next day) ... and that's not good enough, because you <i>also</i> want the pick to be some kind of surprise long shot? (Just playin'.
The thing is, many traders were disappointed with today's action, because we didn't form the classic 'massive downside VIX 35+ capitulation in the morning, with V bottom and rally all the way back up' pattern. I was really hoping for it, and we were kind of <i>due</i> for that specific type of bottom, since we've now gone quite a few market bottoms without getting one of those. Lacking a proper high-VIX capitulation, This week's action leaves me highly uncertain if we've bottomed out yet, or not. Volume was sufficiently 'bottom like', but the channel hasn't even been broken to the upside yet. Inconclusive as hell, which is waaay less cool than knowing exactly what's about to happen next.
Like I've said before, I still expect a repeat of 2006:
<i>This summer, oil will find a top and stocks will find a bottom, followed by a combination equities rally/oil plunge starting in early fall.</i> The thing is, at this point it's very hard to tell whether or not that oil top/equities bottom is behind us. Tough question, isn't it?
If one were to make a case for a bottom.
Tuesdays price action on the QQQQ (which has lead the markets as of late) would be the best sign of capitulation we have going.
The turn south on 06 05 was not really classic topping behavior so this would not surprise me at all if it was indeed a short term bottom for at least a 50% retrace.
That being said it is Earnings season and we could gap anywhere.
Yes, thanks for the call. Why don't you just form your own group of traders and set the rules of the group how you want them to be if you don't want to trade by yourself instead of trying to fit into someone else's structure.
Quote from Rearden Metal:
Hey, I give ya 50%+ in under 4 months (with almost half of that gain coming the very next day) ... and that's not good enough, because you <i>also</i> want the pick to be some kind of surprise long shot? (Just playin'.
The thing is, many traders were disappointed with today's action, because we didn't form the classic 'massive downside VIX 35+ capitulation in the morning, with V bottom and rally all the way back up' pattern. I was really hoping for it, and we were kind of <i>due</i> for that specific type of bottom, since we've now gone quite a few market bottoms without getting one of those. Lacking a proper high-VIX capitulation, This week's action leaves me highly uncertain if we've bottomed out yet, or not. Volume was sufficiently 'bottom like', but the channel hasn't even been broken to the upside yet. Inconclusive as hell, which is waaay less cool than knowing exactly what's about to happen next.
Like I've said before, I still expect a repeat of 2006:
<i>This summer, oil will find a top and stocks will find a bottom, followed by a combination equities rally/oil plunge starting in early fall.</i> The thing is, at this point it's very hard to tell whether or not that oil top/equities bottom is behind us. Tough question, isn't it?
I think you may be bored. Boredom is a dangerous emotion in trading. Trading is kind of like what I imagine combat to be, boredom followed by sheer terror, then elation. rinse, repeat. You have made it as a trader, at some point it becomes like monopoly. You need something to recharge your batteries, is there not not some young stripper who needs help getting through college. Motivation is everything, what carrot do you see dangling in front of you to keep your interest?