I want to see Wild swings on 5 min chart, VIX spiking, People screaming.
This orderly decline is incredible. People trying to pick a bottom based on "Oversold" conditions, and the market can't even master 3 hour rally.
Look how orderly they bought August low on DOW. So we'll bounce a few points tomorro and then head downhill again.
I'm not feeling the washout action even despite the individual stocks getting absolutrely slaughtered.
I want to see PANIC.
Started by
ogm
, Jan 09 2008 02:39 PM
17 replies to this topic
#2
milbank
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Posted 09 January 2008 - 02:45 PM
You're the last person I would expect a thread with this title from. All things considered...
A "Death by a thousand small cuts" market gives the ultimate torture and the ultimate pain.
A "Death by a thousand small cuts" market gives the ultimate torture and the ultimate pain.
Edited by milbank, 09 January 2008 - 02:49 PM.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#3
MacRo
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Posted 09 January 2008 - 02:49 PM
I have a 15 minute momentum buy on ES and a black box buy.
It's big contract time. 
#4
ogm
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Posted 09 January 2008 - 02:50 PM
lol.
I mean in order to play a ST bounce. Bear market rallies are sharp and dangerous. And you can make quite a bit of money on them. But I just don't see the action. Very orderly decline.
I took quite a bit of profits into the decline already and I need to reload. Maybe make a few bucks on the bounce too.
#5
tommyt
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Posted 09 January 2008 - 02:52 PM
I agree OGM...but, the ST work just turned and looks good...I'm long index and a few names for now.
#6
milbank
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Posted 09 January 2008 - 03:01 PM
lol.
I mean in order to play a ST bounce. Bear market rallies are sharp and dangerous. And you can make quite a bit of money on them. But I just don't see the action. Very orderly decline.
I took quite a bit of profits into the decline already and I need to reload. Maybe make a few bucks on the bounce too.
Yeah, I knew what you meant. I just couldn't resist. I made a deal with my writers and now I plan on using them to make up for lost time.
I'm in a good mood. This has been a fantastic year already for me. The turns are being telegraphed from a mile away so far and they just keep coming. It's like taking candy from a baby.
Edited by milbank, 09 January 2008 - 03:01 PM.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#7
CNSZ
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Posted 09 January 2008 - 03:09 PM
I agree OGM...but, the ST work just turned and looks good...I'm long index and a few names for now.
let see how it play out, I have been thinking about to cover some of my short position few hours ago, but seems to me every one is picking up the bottom here, my thinking is there may be a rally, but it will be sold really quick. so I decide to keep my position 100% short.
#8
Wavetimer
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Posted 09 January 2008 - 03:09 PM
YES WATCH THE FACES OF THE BEARS VERY SOON 
#9
milbank
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Posted 09 January 2008 - 03:24 PM
I'm in a good mood. This has been a fantastic year already for me. The turns are being telegraphed from a mile away so far and they just keep coming. It's like taking candy from a baby.
I should shut up and not jinx myself. This turn moved up on me before I could reload. Oh well, there's always another. Just wait and catch the next wave down.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#10
dcengr
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Posted 09 January 2008 - 03:43 PM
Panic comes tomorrow...
Qui custodiet ipsos custodes?
