Sonofabitch

[ByLoSellHi]

Wave of relentless selling.

 

[blast19]

Bask in it....short/buy Puts on lenders.

 

[austinp]

It's a beautiful thing.

 

[stock_trad3r]

Quote from ByLoSellHi:

Wave of relentless selling.

Aren't you short though?

 

[ByLoSellHi]

Quote from stock_trad3r:

Aren't you short though?

I went long on refiners and oil service.

Even RBOB is being taken lower today.

 

[JimmyJam]

Quote from blast19:

Bask in it....short/buy Puts on lenders.

They would've had to already been on to take advantage of this baby.

The 4 year Bull isn't even close to being broken, but these 10pt selling sprees (multiple, intraday, ES contract) are a shock-to-the-system.

Think of it as they're just getting us warmed-up for when the Bear comes back to town.

JJ

 

[a529612]

Quote from ByLoSellHi:

Wave of relentless selling.

Sell high, buy low?

 

[ByLoSellHi]

Quote from a529612:

Sell high, buy low?

lol.

Yeah. Something like that.

I got caught, too.

Never go against first intuition - I thought I learned this lesson 100x over.

 

[a529612]

You should have seen this coming when those CNBC morons went ga ga over a pathetic 30pts "rally" yesterday. TRIN was over 1 all day yesterday masking the underlying rot in the market.

 

[austinp]

<i>"For the past threee sessions, S&P 500 index has tested and failed at its 38% retracement level of recent highs to lows. This of course is a widely-watched mark of initial resistance. Failure to press higher and take that level out would show extreme weakness in the broad market."</i>

Technical analysis trumps emotions every time. Dead cat bounce... lower lows lie ahead