Time to buy here

Quote from rew:

Place your bets -- for how many trading days in a row will SPX continue to go down?

My guess: 3 more.
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6 more maybe? my guess
We're free falling. I just short every bounce for the last few days. Continue to do the same going forward.
 
Quote from Jestersofmalice:

6 more maybe? my guess
We're free falling. I just short every bounce for the last few days. Continue to do the same going forward.
More...

I'm no guru but shorting EVERY bounce may be quite dangerous after we're down some 200 ES pts in about a month...

Crashes usually happen in October, not August... for some reason I'm skeptical about this "crash" in August. We're only down 9% ytd... seems more like a correction from an absurd rally. Maybe I'm just biased since I bought some ES contracts 30 minutes ago...

If you been short then you're the king but I would be scaling out here instead of pyramiding at worse prices. Again, even if shorting every bounce that too seems dangerous to me... but I've heard that opinions are like a$$holes, everybody has 'em
 
I noticed, I think it was Friday, where that idiot Cramer said if Oil hit $90 stocks would be a buy. Boy was he wrong, AGAIN.
 
Quote from Ghost of Cutten:

Update - I got stopped out at 1125 avg, dropped close to another 1% on that, down 3% on the ES trades on the day. Just flat and will preserve capital until I feel I have a better read on market conditions. I'll hold the options until an eventual rebound, since the risk on them is limited.
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This is what I was thinking from the very beginning. I don't know what in the hell to expect, so I don't do anything. Except waiting, for a better trade set-up.
 
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