Markets are up huge in Japan. More then 400 pts. NQ's are up 12.5 pts overnight. Haven't seen this in a really, really long time. Something serious is happening, more then just another day. Thoughts?
Why isn't anyone discussing what is going on?
- Thread starter NTB
- Start date
Markets are up huge in Japan. More then 400 pts. NQ's are up 12.5 pts overnight. Haven't seen this in a really, really long time. Something serious is happening, more then just another day. Thoughts?
will maintain my new short here from 1277.50. I may get stopped out, but that will keep my toes tapping for the next trade. On daily trades, I use technical analysis, but for longer term (year or more) I look at what I perceive to be fundamentals. I still believe that commodity prices will weigh on equities this year and that equities will be down or sideways for the year. These posts are very interesting--keep them coming. Best regards--
I'm just having a good time here.
I'm trying to make a point here that 95% of the people on this site over react to everything in the world. There is no middle ground with you people. Either we are going to Dow 100k or we are crashing. This leads me to my theory that very few people on ET have actually traded more then a few years. I say this because if you have, you would know that markets go no where 80% of the time. There is very little follow through. Just because the markets fall very fast or rally very fast means absolutely nothing. People need to stop trying to analyze the macro problems of the world (oil, Iran, Japan, interest rates, Gold) all this stuff clouds your mind. You begin to see what you want to see, not what is actually happening.
Just a week ago the Nikkei had dropped 1200 pts and was in free fall and everyone on here chimed in that Japan was crashing. Here we are a week later and Japan is up 1000 pts and is on the cusp of making fresh 20 year highs. I'm asking the posters of this site to have a little perspective for crying out loud.
I knew these silly posts shouldn't bother me, but it's like a pet peeve. Like bad spelling or something, it's just annoying. Like I said, my theory is very few people on ET that are currently posting, were trading pre-2000. I'm standing by that.
Well, I'm glad you are having a good time, I am too 
. Try not to necessarily throw out the baby with the bathwater. I know it is easy to get cynical, however, we may miss a few diamonds in the rough if we are overly so. You might be surprised at who's on the other end of the screen. I too have a tendency to underestimate my competition and assume everyone on this site is a rookie. I will assume that you think that I am a relative newbie from your comments. I believe my read of the nuances of the move last week was accurate. My P&L reflects that. I also posted in real-time (page 9) that I didn't see much follow-through to the downside and was covering. The move in the markets tonight is not so unusual. It's not just the size of the move, it's nuance, it's the speed, breadth and volume that are important too. The moves last week were unusual, time will tell of their importance longer-term. They may be presaging a longer-term top or, they may be nothing. I am still on red alert because of it, if the market was that healthy, those kind of moves couldn't have happened (would be better bid support)
. Try not to necessarily throw out the baby with the bathwater. I know it is easy to get cynical, however, we may miss a few diamonds in the rough if we are overly so. You might be surprised at who's on the other end of the screen. I too have a tendency to underestimate my competition and assume everyone on this site is a rookie. I will assume that you think that I am a relative newbie from your comments. I believe my read of the nuances of the move last week was accurate. My P&L reflects that. I also posted in real-time (page 9) that I didn't see much follow-through to the downside and was covering. The move in the markets tonight is not so unusual. It's not just the size of the move, it's nuance, it's the speed, breadth and volume that are important too. The moves last week were unusual, time will tell of their importance longer-term. They may be presaging a longer-term top or, they may be nothing. I am still on red alert because of it, if the market was that healthy, those kind of moves couldn't have happened (would be better bid support)Quote from NTB:
Well, I'm glad you are having a good time, I am too
I really don't think you traded in the late 90's, during the strongest bull market ever. We had 10% corrections on a semi-annual basis. We had 1000 pt drops in the dow over 4 days.
I could not disagree more with your assertion that the market should not have dropped the way that it did. In fact, I'll take you one further, the hallmark of a true rally is usually one that has very violent shakeouts. Pull up the stocks of GOOG, AAPL, WFMI, SNDK, HANS, PD. The pullbacks are merciless.
Truly weak markets actually resemble the chart of GM. Notice the slow down movement, a little bit each day, no gaps, no sharp selloffs, just constant selling. This was very much like the bear market we had in 2001 and 2002. When I see sharp drops like we had last week, it usually tells me that spec money is getting washed out for a move higher, not the opposite.
Last week's action actually made me more bullish then ever, not only on the US markets but on Japan and Europe as well. Now I don't think these markets are going to the moon, just a slow grind higher and a lot of sideways chop.
Well, I guess that's what makes a market. However, I will say that you are way off on your read of me. I control a 9-figure account (without including the decimal places) and in fact, I've been trading since the late 80's. I hope you're a better trader than you are reader of people . By the way, large moves in both directions when market volatility is high is not so unusual (like your example of late 90s moves). Large moves especially down when market volatility is low, is unusual. I'm just at a different level pal.
. By the way, large moves in both directions when market volatility is high is not so unusual (like your example of late 90s moves). Large moves especially down when market volatility is low, is unusual. I'm just at a different level pal. Quote from NTB:
Well, I guess that's what makes a market. However, I will say that you are way off on your read of me. I control a 9-figure account (without including the decimal places) and in fact, I've been trading since the late 80's. I hope you're a better trader than you are reader of people
And I could be the Easter Bunny. That's the nice thing about the internet. We can say whatever we want. By the way, the Nikkei is now up 580 pts. That's a 3.6% move. Sorry, that is not par for the course. That is one vicious move.