VIX Sub 50 drop

Quote from MrktObserver4u:

Setting up for a bear trap midday and strong close.

R U in your mind? What pushed you to make such a prediction. Everything was pointing down.

I would be good if you tell us why you thought what you thought. I have never understood why people buy at top or when the upside is not there to downside.
 
Quote from fluttrader:

According to the pit noise
Ill fade the pit then, not only did s1 fail on recent run up, but this auto deal is the 800 lb gorilla. See you at s2, and a vix unchanged
 
Come to think of it, you are the guy who didn't know why volume was so low the other thursday and had no clue it was contract rollover day and now you make this call with zero reasoning (and get proven wrong very quickly).

I don't think you are a serious market participant at all.

Quote from MrDODGE:

Low is in for the day, bulls will rule the rest of the day.
 
Everyone seems to forget we're in a BEAR MARKET - therefore if you're trading in and out of positions, the easy trade is to not fight the market, you're either short or you have no position - to quote Gartman's rules of trading.

Doesn't help either that we were in a rising wedge and we're on the cusp of breaking the lower barrier of that = more downside to come.
 
Quote from Illum:

Ill fade the pit then, not only did s1 fail on recent run up, but this auto deal is the 800 lb gorilla. See you at s2, and a vix unchanged


Sorry, pit noise reversed in the mean time !
 
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