There won't be a relief rally this time:

with vix close to 17, there will be money made on both sides just from voatility, but mkt does seem to be building a "wall of worry"...I'm looking for big blow off spike that immediately starts to retrace from the vix as capitulation point. (10,000 dow the floor?)
 
No relief rally this time? Most costly words ever: "It'll be different this time".

82% program trading so far today, it's not up to us - it's up to whomever is pushing the buttons on those computers...
 
Quote from TorontoTrader2:

No relief rally this time? Most costly words ever: "It'll be different this time".

<b>82% program trading so far today</b>, it's not up to us - it's up to whomever is pushing the buttons on those computers...
More...

82% program trading so far today

How do you know this?

- The New Guy
 
Sure there will be 50 cent bounces, but you can bet EVERY trader scalping long will be tripping over each other to get that 50 cent.

These 'relief' rallies will last no more than a few hours and then come end of day, everyone will be dumping AGAIN.
 
Quote from capmac:

Sure there will be 50 cent bounces, but you can bet EVERY trader scalping long will be tripping over each other to get that 50 cent.

These 'relief' rallies will last no more than a few hours and then come end of day, everyone will be dumping AGAIN.
More...

Sounds like a rationalization. Just admit you were wrong.
 
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