1999-2000 was out of control on the upside
this is the exact opposite..
The nq's were moving 20 points in a matter of a minute today...a two percent move on an index in a minute....i cant even keep up with that...
this is shaping up to be a wave four triangle which implies 650 on the spx and 900 on the nq's
gosh have mercy on us
i have as much endurance as anybody...
Started by
atlasshrugged
, Oct 24 2008 03:17 AM
8 replies to this topic
#2
danzman
-
- Traders-Talk ~
- 908 posts
Member
Posted 24 October 2008 - 03:46 AM
So what's lock limit today? Getting close. Pain, grief, stops....buy on Monday?
Let's see.
D
I don't make predictions, I just react.
#3
humble1
-
- Traders-Talk User
- 5,959 posts
Member
Posted 24 October 2008 - 03:47 AM
well, i'm trapped.
this burro went from loaded long to overloaded long to overloaded long pulling a cart full of stocks. all the buys were good. as of yesterday's close every single long was in the green except one of my buys yesterday which closed even.
now i guess i will be dogmeat for ms. market's chihuahua. i hope the little rat dies after he eats me.
Edited by humble1, 24 October 2008 - 03:54 AM.
#4
atlasshrugged
-
- TT Patron+
- 4,409 posts
Member
Posted 24 October 2008 - 03:56 AM
well, i'm trapped.
this burro went from loaded long to overloaded long to overloaded long pulling a cart full of stocks. all the buys were good. as of yesterday's close every single long was in the green except one of my buys yesterday which closed even.
now i guess i will be dogmeat for ms. market's chihuahua.
this is sick...
if your on leverage you can still get out with getting cleaned out...a mkt that continually lets you back in.....i dont think you want in....
it only seams fit that this thing ends with the end of all ends.....2000 points i havnt a clue...
#5
danzman
-
- Traders-Talk ~
- 908 posts
Member
Posted 24 October 2008 - 03:58 AM
There it is... -60...my how quickly things go in the modern days.
I love how my systems are always right (well 87% of the time).
I wonder what the media will blame today. So far I've seen the
Yen as the culprit.
Funny how Greenspan basically said the problem with free
markets is free markets. Should have invested in shotguns
and canned food. I'm hopping the fence to Mexico. ;-)
D
Edited by danzman, 24 October 2008 - 04:08 AM.
I don't make predictions, I just react.
#6
humble1
-
- Traders-Talk User
- 5,959 posts
Member
Posted 24 October 2008 - 04:01 AM
no leverage except in the 2X funds and mr. margin never calls for them. so that is nice. all the stock is for cash. so, other than pain i have no problems there. i think i will stick it out. actually, i have enough in one of the accounts to make one more purchase and i am looking at UNH.
http://bigcharts.mar...r...q=2&time=10
i like larry's thingy: if you are gonna be dumb to have to be tough. i guess i will need to be tough and just take the beating.
http://bigcharts.mar...r...q=2&time=10
i like larry's thingy: if you are gonna be dumb to have to be tough. i guess i will need to be tough and just take the beating.
#7
danzman
-
- Traders-Talk ~
- 908 posts
Member
Posted 24 October 2008 - 04:22 AM
Look at the ask on the ES...2400+ contracts
Hay-sus...lows are toast. How low does she go?
Vix at 100+? It's 1929 in fast forward. darn if
my stupid litle COT stuff called this. I'm buying
Monday...I think? Waiting to see the report.
D
I don't make predictions, I just react.
#8
humble1
-
- Traders-Talk User
- 5,959 posts
Member
Posted 24 October 2008 - 04:26 AM
not really a lot there for sale.
nah, i'll just wait and buy more stock for cash during RTH.
D: when you jump the fence to mexico squash a few chihuahua's. maybe one of them will be ms. market's.
Edited by humble1, 24 October 2008 - 04:28 AM.
#9
rigelpug
-
- Traders-Talk User
- 118 posts
Member
Posted 24 October 2008 - 05:15 AM
1999-2000 was out of control on the upside
this is the exact opposite..
The nq's were moving 20 points in a matter of a minute today...a two percent move on an index in a minute....i cant even keep up with that...
this is shaping up to be a wave four triangle which implies 650 on the spx and 900 on the nq's
gosh have mercy on us
Totally agree, 1999 in reverse. Buying opportunity of a lifetime will be here shortly.
