The futures are in a free fall

tommcginnis said:
The globals (by which I narrowly mean, the DAX and DJ600) have been headed down since 0800 EST -- we're following them.

It seems "The World" is pissed at Donnie. Volume in the ES is more than I've seen in two weeks? Dunno. But the best (volume) morning in a while. I think it's a global excuse for profit-taking. Would make sense, at any rate........
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profit taking, then what?
 
tommcginnis said:
The globals (by which I narrowly mean, the DAX and DJ600) have been headed down since 0800 EST -- we're following them.

It seems "The World" is pissed at Donnie. Volume in the ES is more than I've seen in two weeks? Dunno. But the best (volume) morning in a while. I think it's a global excuse for profit-taking. Would make sense, at any rate........
More...
So pissed the stock market keeps rallying. When you talk/write, you say very little.
 
tommcginnis said:
The globals (by which I narrowly mean, the DAX and DJ600) have been headed down since 0800 EST -- we're following them.

It seems "The World" is pissed at Donnie. Volume in the ES is more than I've seen in two weeks? Dunno. But the best (volume) morning in a while. I think it's a global excuse for profit-taking. Would make sense, at any rate........
More...
...and they are fairly enthusiastic about taking that profit :D
 
java said:
profit taking, then what?
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Then 'we'll see!'
The TRIN has been at the statistically-neutral 1.0-1.1 range. (It popped to 1.20 at one point, which is still not MASSIVE SELLLLL-OFFFFFF range....)

The VIX (THANK GOD) has some meat on it, but boyyyyy, that top-side is so nasty.
The whole *market* right now is nasty: this is not market *nor* economy-driven!! It's all a freakin' HERD OF BLACK SWANS come steamin' past.

(Yes, I wrote, "herd." I did!)

Economy-wise, "business as usual" will return, but right now, there's a fog of political/event risk obscuring the otherwise smooth sailing.
 
java said:
profit taking, then what?
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Odds of 58 this week or next week are obviously a lot higher, as posted last night, not like thats some grand prediction that's basically just filling the gap. Intra-day too fast right now to call here
 
The point is, profit takers come back in and buy the dip. Weak hands buy on the way up and sell on the way down. So those at least are two constants to generally ignore.
 
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