This Market Sucks!!!

[Pholeuon]

Look at MACD divergence and price action, there were clear signs of possible reversal. /just for note I caught it from begin although I was stopped out in one retracement - my stupidity/.
Whole day was highly unusuall - so much red without panic?!

Do you really think that Gasparino get this idea in that minute when he "published it".
You are naive like pre Watergate dummy.
It was arrangend and prepared in advance - and accumulation started prior and is clearly visible in charts.
You are right that move was caused by Gasparino speak - just started a lot earlier than he told it publicly. And it was therefore so strong.

 

[makloda]

Quote from day7793:
I am the guy who makes 5-10% monthly returns in Options trading. Something which you cannot even parallel in shorting equities.

[...]

Lets just hope these buy programs hit again and again and killing these shorts. Margins calls anyone please?

I would bet more traders blow up every month in 'playing' options trying to make 10% monthly than traders dedicated to shorting equities without leverage.

 

[polpolik]

Right, cause Gasparino was the ONLY person in the whole wild honest world of Wall Street to have known about the news and it was all just a coincidence that the market went past the resistance easy and just refused to go down.

Yeah. That's it. Trading CNBC is an edge because your news provider happens to give you the news a few minutes before everyone gets their CNBC reports.

Quote from SlyFlo:



no one ever said tech analysis is meaningless...as i use much of it myself most days but don't tell me you even saw the news coming ... then i'm sure you caught most of it before you even heard gasparino's report. give me a break...

 

[HedgefundTrader2]

Quote from Pholeuon:

Look at MACD divergence and price action, there were clear signs of possible reversal. /just for note I caught it from begin although I was stopped out in one retracement - my stupidity/.
Whole day was highly unusuall - so much red without panic?!

Do you really think that Gasparino get this idea in that minute when he "published it".
You are naive like pre Watergate dummy.
It was arrangend and prepared in advance - and accumulation started prior and is clearly visible in charts.
You are right that move was caused by Gasparino speak - just started a lot earlier than he told it publicly. And it was therefore so strong.

SHORTING IS EXTREMELY RISKY IN THIS MARKET. YOU WILL INCUR HUGE LOSSES.


This was a monster class buy program well timed and we exceuted. About 20% of days volume unleashed in last 1/2 hr. I mean it was a Tsunami that leveled all these shallow water fishes, pirhanas, crocodiles and shorts, that were swimming in it eating people's lives and limbs.

Whoever did it, I salute them. May you unleash this again, please.... please..

 

[HedgefundTrader2]

Quote from makloda:

I would bet more traders blow up every month in 'playing' options trying to make 10% monthly than traders dedicated to shorting equities without leverage.

Risk/ reward is pre-determined and the if the outcomes favors reward the trades are executed. Buying or selling equities has to be done with precise measurements and there is either gain or losses, but not in options.

 

[Alex_in_Oz]

Quote from retire45:

Someone PLEASE expain the markets from Noon to close.. New lows at 3:20 then bang!! WTF??

From a lot of the posts on this thread, I assume, resistance levels were reached this turned into support then a breakout which (nearly) everyone foresaw and knew was coming!:

 

[polpolik]

Quote from Alex_in_Oz:

From a lot of the posts on this thread, I assume, resistance levels were reached this turned into support then a breakout which (nearly) everyone foresaw and knew was coming!:

and for those who didn't, it was a manipulated market that was orchestrated by the PPT that is ran by the illuminatis and the jew bankers that are consipiring to take YOUR money.

 

[mokwit]

Friday's late PM price action tells me that the slew of data this week is going to be baaaaad. 'They" bid it to sell it and smash it to buy it................................

 

[JSSPMK]

Quote from Cocaine:

Fair enough, I do not know your TA in this case. Dont assume you know ME and how I trade though. Trying to classify ME as a reactor is false, I have posted probably about 50 posts or so about how anticipation is key. I have been trading for 10 years everyday and the kind of price action that we saw friday probably happens less than 1% of the time. Being that there is also news that certainly came into play, I'd say that the combination of fridays events makes fridays action even more rare.

Congrats if you bought close to the low and held on for a big gain. I bought once we printed 34.75 and caught 6 pts. Not that great but on 6 lots thats a decent gain for me.

TY for being rational about the debate. I appologise for branding you something you are not, I was just trying to show the power of assumption

I always say that as long as there is potential benefit in a debate it's worth participating, unfortunately threads are spoilt by frustrated people.

 

[JSSPMK]

Quote from SlyFlo:

none taken. and i don't need you to explain squat in 'laymans terms'. and again, if you actually read what i just wrote:

i said tech. analysis is great in many spots/cases...but NOT in friday's run. if you think that was a technically driven run....then i'm sure you threw in a 3000 lot to catch it based on the charts.

no one ever said tech analysis is meaningless...as i use much of it myself most days but don't tell me you even saw the news coming ... then i'm sure you caught most of it before you even heard gasparino's report. give me a break...

Mate, where did you see me say that I saw the news coming?

Look, it's like this:

First there were technical buying indications before there were any news. None of techies so far claimed that we were expecting such a rapid squeeze looking at technical parameters. But I will tell you this & you can check back posts if you wish. I know where my stop area is & also I have enough research to see where approximate reward might be (in case of divergences). In this instance like on many other ones price went beyond my expectations.

So after there were indications of buyers accumulating news were released and the ones that didn't see it coming remained just witnesses on this occasion. Don't get me wrong, I also am a witness on quite a few occasions, on this one I was granted a gift

News moved the market, but people in the know have left their buying prints for techies to see & act upon