25 replies to this topic

[dTraderB]

redfoliage, you may be right, it's soaring..... could close green, what a reversal!

[dTraderB]

I am in extreme NQ scalping mode now, 4 to 5 points and I am out, unless the next bar is in the direction of my trade.

 

 

[redfoliage2]

This looks a classic bottom, and big boys are likely covering...................

Now I see a big gap up overnight.

Edited by redfoliage2, 23 October 2018 - 01:45 PM.

[cycletimer]

redfoliage, you may be right, it's soaring..... could close green, what a reversal!

I believe it closes green. I’m way too late to buy here as a I was on a long distance road trip, was driving this AM and missed opportunity. CRAP!

Today is pivotal AND as Art Cashin commented this morning, market lore: “October selloffs bottom on opening day of World Series!

[bighouse1006]

From what I am reading, who didnt buy the low at the 61.8 retrace?

[dTraderB]

in my 36 years of trading, this ranks as a TOP 10 reversal. 

But, it is not among the strangest or weirdest; it can qualify if the market now drops 40 SPX points! 

[redfoliage2]

Now I see big rally in the Asian markets tonight, and then the DAX, and then US gapup.................

[cycletimer]

in my 36 years of trading, this ranks as a TOP 10 reversal. 
But, it is not among the strangest or weirdest; it can qualify if the market now drops 40 SPX points!

I’m weighing the risks of buying calls now and holding thru tomorrow in anticipation of a gap-n-go day tomorrow

[dTraderB]

want to scalp a few points during the final 30 minutes, most likely it's up into the close but I am ready for whichever way it goes. 

 

We've been dawdling for the past 20 minutes.

[redfoliage2]

If the forces really want to push this market further low today it was a perfect time.  But they chose not to.  This tells me their game for a correction ends today and today's low is the line in the sands for them. 

Edited by redfoliage2, 23 October 2018 - 02:25 PM.