Somebody must go downstairs and reboot the computer!

Down drain on a straight line!

No hope... So, see when they pull the market down like this slowly, everyone buys with the expectation of a bounce at least, it goes down and down and eventually it ends with a bang when all the dip buyers and the sellers accelerate lower. So far I see no bang, so no bottom, do not buy until the sell off gets parabolic and starts to turn around, this is just another slow crash...

Down drain on a straight line!

Great day, if your short! No counter-trend moves to stress over whatsoever, although Im waiting for the end-of-day ramp up

Maybe now, long ES 1060. This is for 5 points or so.

Edited by arbman, 16 July 2010 - 02:33 PM.

I closed the trade as we just hit the HFT straight downtrend line for 4 points or so.

Edited by arbman, 16 July 2010 - 02:38 PM.

Down drain on a straight line!

Great day, if your short! No counter-trend moves to stress over whatsoever, although Im waiting for the end-of-day ramp up

Went 200% short yesterday with a mix of SDS and QID... The downside possibility was too great. Even with today down, we will not be oversold today short term, but maybe VST... Many are considering this a one day deal due to having three waves up.... However, the last multi-day trend down for 8 days did not have three waves down on the daily.... Looking at the Mutual fund outflows I don't see where the next leg up will come from....

Barry

Down drain on a straight line!

Great day, if your short! No counter-trend moves to stress over whatsoever, although Im waiting for the end-of-day ramp up

Went 200% short yesterday with a mix of SDS and QID... The downside possibility was too great. Even with today down, we will not be oversold today short term, but maybe VST... Many are considering this a one day deal due to having three waves up.... However, the last multi-day trend down for 8 days did not have three waves down on the daily.... Looking at the Mutual fund outflows I don't see where the next leg up will come from....

Barry

I'm with ya... This is heading back to at least the lows set on 7/1 and 7/2

Congrats.

Down drain on a straight line!

Great day, if your short! No counter-trend moves to stress over whatsoever, although Im waiting for the end-of-day ramp up

Went 200% short yesterday with a mix of SDS and QID... The downside possibility was too great. Even with today down, we will not be oversold today short term, but maybe VST... Many are considering this a one day deal due to having three waves up.... However, the last multi-day trend down for 8 days did not have three waves down on the daily.... Looking at the Mutual fund outflows I don't see where the next leg up will come from....

Barry

I'm with ya... This is heading back to at least the lows set on 7/1 and 7/2

still bounce first to get more passengers on board then dump to the lows!!!

that's how I am playing it with a small position....long aftre closing my oil shorts Today.

GS.

Edited by goldswinger, 16 July 2010 - 03:20 PM.

i expect 2 days of rallies into wednesday ..could be as high 1090