These Indices are about to rollover!!!

Quote from ByLoSellHi:

This market is literally funny.

I literally find myself laughing at the irrational moves it makes.

It's almost as if doing the opposite of what is rational brings the most reward.

Oh well...it's all fun and games until traders start poking their eyes out.
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anything we don't understand is irrational to us.
 
Quote from S2007S:

this market is confusing, i was long some positions and sold once i saw the dow falling, then of course bammmmmmm the dow rallies...WTF....tomorrow is job numbers, anything good and 13,000 here we come...
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you are doing it again?
do you see your trading follows a pattern?
 
Is this all due to overseas strength, esp China? When nasdaq rocketed to 5k I think we dragged many foreign markets up with us, I recall the nikkei hitting 20-something K by our own peak. Are our markets going to be buoyed so long as they keep flying across either pond?
 
this is not "all due" to anything...

the market is the AGGREGATE of all trader and investor order flows made for all their different (and sometimes opposing reasons)

the market is not irrational or rational. that anthropomorphizes it.

the market is a MECHANISM, and it may take on a "personality" but all it is is a system that allows a two way auction to take place

there is no centralized control for price (and with the exception of specialist markets) nobody has more power than anybody else to make the market do what they want, apart from some with REALLY big size.

its all about price discovery.
 
Quote from noddyboy:

Look at Shanghai go! Up 6% today. Up 10% in 2 days.
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Anybody trade the Shangai market within the United States? What's a good broker to use? Is there a Shangai emini index?
 
Quote from Tums:

you are doing it again?
do you see your trading follows a pattern?
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Not really, All i know is I jumped out at 81.30, soon after it fell to around 81 while the DOW started tanking. Once I saw the dow tank I thought the nasdaq would follow, which it did but quickly recovered only to rally big time as the Dow started to come back into the green......

Now no one knew the nasdaq would rally today after the selloff around 10-1030. After seeing retail sales slump and a down opening you would think what could push this market higher.
 
Quote from noddyboy:

Look at Shanghai go! Up 6% today. Up 10% in 2 days.
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yea I started the Shanghai thread a few days ago, it has rallied big time in the last 3-4 months.
 
Quote from whitster:

its all about price discovery.
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No kidding, thanks for the classroom lecture. :)

If you went around just thinking "it's all about price discovery" without asking what's behind the movement, you won't get very far beyond trading "levels" and S/R and all the rest of the leftover stuff most traders have to resort to.

Some are perfectly content with that I guess.
 
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