sigh..not again

[paysense]

Typical quote -

Quote from stock_trad3r:

"cause I know how stocks work"

Now you are getting it a bit -

Quote from stock_trad3r:

"the problem is the vix isn't going up and typically these selloffs cease only when the vix makes a climatic spike"

Target quote -

Quote from stock_trad3r:

"With the vix having not yet spiked, seems like my reduction in exposure to my growth issues during this inevitable downtrend is paying off"

 

[stock_trad3r]

This market is brutal

 

[The Swordsman]

Thats because you don't play both sides. You have no one to blame but yourself for being inflexible.

Quote from stock_trad3r:

This market is brutal

 

[GTS]

Quote from stock_trad3r:

It's not a bear market unless the spooz closes below 1252. Otherwise, it's just a correction. The alamanacs and mainstream media won't call it a bear market unless it closes below 1252.

Of course what you fail to grasp is then when it does hit 1252 that doesn't signal the start of the bear market - that just means that we have been in a bear market all along - and thus you have been wrong.

The 20% decline is the confirmation, not the start.

Just broke 1300, getting nervous yet?

Your days on ET are numbered...unless you break your word.

 

[stock_trad3r]

I'm keeping my word

If 1252 breaks on the spooz I'm gone

Keep in mind though that the Dow and Spooz made historic highs last year which confirms the bull market.

Am I scared? Not even close

 

[GTS]

Quote from stock_trad3r:

I'm keeping my word

If 1252 breaks on the spooz I'm gone

Keep in mind though that the Dow and Spooz made historic highs last year which confirms the bull market.

Am I scared? Not even close

So after falling ~17%, you don't think there is much chance of it falling another 3%?

Dude, time to wake up and read the headlines. The market is going into the toilet, big-time.

 

[stock_trad3r]

1252 isn't any number; it has very deep phycological implications. The funds and fed wont let it break without a fight.

 

[Lucrum]

Quote from stock_trad3r:

I'm keeping my word

If 1252 breaks on the spooz I'm gone..

Am I scared? Not even close

No one will care if you leave.

Why do you keep bringing it up if you're not worried about it?

 

[Port1385]

Thats not very comforting. The Dow and Spooz made historic highs in 2000 then in 2001 it was all downhill.

I suspect that we are guaranteed to hit at least 1260 at this rate. Now if its a retest or not, time will tell.

Quote from stock_trad3r:

I'm keeping my word

If 1252 breaks on the spooz I'm gone

Keep in mind though that the Dow and Spooz made historic highs last year which confirms the bull market.

Am I scared? Not even close

 

[asap]

Quote from stock_trad3r:

1252 isn't any number; it has very deep phycological implications. The funds and fed wont let it break without a fight.

like the fed is concerned with the s&p level. they look at the real economy. the stock market never matches the real economy and a decline in the indexes is always healthy.