30 points in 30 minutes

Now how the hell is one supposed to trade this madness ?

Edited by NAV, 22 February 2008 - 04:06 PM.

I don't know, but the market is no longer oversold.

Now how the hell is one supposed to trade this madness ?

Exactly.

Was this upshot due to the bonds bailout talk?

Now how the hell is one supposed to trade this madness ?

its called VOLATILITY.

It means there is no directional move. It means the market will snap back from drops and sell the rallies.

One way to trade it is in one direction.

pick a direction and either only sell the pops or buy the dips. Just don't forget to take profits.

From my point of view, considering extremely dire sentiment, there is a good chance volatility will be resolved upwards. So I'm buying the dips and taking profits when it snaps back.

Shorting panic is a bad idea, either way.

If I was a bear, I'd be sweating a possible ABK bailout over the weekend, and wondering if the market gaps up on the news or not.

Edited by ogm, 22 February 2008 - 04:12 PM.

Now how the hell is one supposed to trade this madness ?

its called VOLATILITY.

It means there is no directional move. It means the market will snap back from drops and sell the rallies.

One way to trade it is in one direction.

pick a direction and either only sell the pops or buy the dips. Just don't forget to take profits.

From my point of view, considering extremely dire sentiment, there is a good chance volatility will be resolved upwards. So I'm buying the dips and taking profits when it snaps back.

Shorting panic is a bad idea, either way.

If I was a bear, I'd be sweating a possible ABK bailout over the weekend, and wondering if the market gaps up on the news or not.

OGM,

I was talking about trading the last 30-minutes

Now how the hell is one supposed to trade this madness ?

That is why they say the last 30 minutes is the most important part of the trading day, if this happens more often then you can just enjoy the day and come back and the last hour and still be ahead.

Now how the hell is one supposed to trade this madness ?

its called VOLATILITY.

It means there is no directional move. It means the market will snap back from drops and sell the rallies.

One way to trade it is in one direction.

pick a direction and either only sell the pops or buy the dips. Just don't forget to take profits.

From my point of view, considering extremely dire sentiment, there is a good chance volatility will be resolved upwards. So I'm buying the dips and taking profits when it snaps back.

Shorting panic is a bad idea, either way.

If I was a bear, I'd be sweating a possible ABK bailout over the weekend, and wondering if the market gaps up on the news or not.

OGM,

I was talking about trading the last 30-minutes

Buy and wait for a snapback. I wouldn't have sold so fast, if I wasn't going out of town next week. There was so much put buying in the morning and the market looked so depressed and ABK bailout was beeing talked about for several days already. We all knew it was coming. Was just a matter of days.


As people say... a "no brainer"

You need a crystal ball absent of bulls and bears.....does show horses and the occasional donkey though.

ogm - enjoy your week's holiday.

I don't know, but the market is no longer oversold.

Depends on your charts..

Edited by Mr Dev, 22 February 2008 - 04:52 PM.