Volatility....
#1
Posted 08 August 2007 - 03:14 PM
#2
Posted 08 August 2007 - 03:19 PM
Absolutely amazing ! 50-60 SPX point swings in a couple of hours both yesterday and today. In this market, either you are quick or dead. Timing is everything for the VST folks. I have developed so much distrust over this market over the last few weeks, that i don't trust both the up and downside. Just mindlessly playing the signals from my system, without having a real feel for the market.
As i said in my morning post, it's a battle between the daily and weekly at this point, which is still unresolved. Once it's resolved, a massive move is coming. Until then, smart traders, who don't paint themselves as bulls or bears have opportunity for some good money on both the sides.
P.S: After sometime, this kind of volatility can ruin a trader's bladder. Gosh, i can't even take a bathroom break
I CALL THIS A "ROCKETS AND ANVILS" DAY. IF Thursday does not trade below 1477 we wil have a down cycle failure, a rare event. If it does trade below 1477 Thursday then the market did trade lower than the previous cycle high on 8-02
LT d:^)
Edited by LarryT, 08 August 2007 - 03:20 PM.
#3
Posted 08 August 2007 - 03:23 PM
Absolutely amazing ! 50-60 SPX point swings in a couple of hours both yesterday and today. In this market, either you are quick or dead. Timing is everything for the VST folks. I have developed so much distrust over this market over the last few weeks, that i don't trust both the up and downside. Just mindlessly playing the signals from my system, without having a real feel for the market.
As i said in my morning post, it's a battle between the daily and weekly at this point, which is still unresolved. Once it's resolved, a massive move is coming. Until then, smart traders, who don't paint themselves as bulls or bears have opportunity for some good money on both the sides.
P.S: After sometime, this kind of volatility can ruin a trader's bladder. Gosh, i can't even take a bathroom break
NAV, thanks for your contributions. Please do not leave to take a toliet break. We need you.
I am bringing this to your attention to help you so you can help us novices. You can take a toliet break at your computer. Check this out and it is only $14.99
http://www.target.co...gt_adv_XSG10001
Remember this day, men, for it will be yours for all time.
#4
Posted 08 August 2007 - 03:25 PM
#5
Posted 08 August 2007 - 03:28 PM
#6
Posted 08 August 2007 - 03:29 PM
Absolutely amazing ! 50-60 SPX point swings in a couple of hours both yesterday and today. In this market, either you are quick or dead. Timing is everything for the VST folks. I have developed so much distrust over this market over the last few weeks, that i don't trust both the up and downside. Just mindlessly playing the signals from my system, without having a real feel for the market.
As i said in my morning post, it's a battle between the daily and weekly at this point, which is still unresolved. Once it's resolved, a massive move is coming. Until then, smart traders, who don't paint themselves as bulls or bears have opportunity for some good money on both the sides.
P.S: After sometime, this kind of volatility can ruin a trader's bladder. Gosh, i can't even take a bathroom break
NAV, thanks for your contributions. Please do not leave to take a toliet break. We need you.
I am bringing this to your attention to help you so you can help us novices. You can take a toliet break at your computer. Check this out and it is only $14.99
http://www.target.co...gt_adv_XSG10001
#7
Posted 08 August 2007 - 03:34 PM
Markets fluctuate
This feels more like gyration and I love it.
Remember this day, men, for it will be yours for all time.
#8
Posted 08 August 2007 - 03:34 PM
Absolutely amazing ! 50-60 SPX point swings in a couple of hours both yesterday and today. In this market, either you are quick or dead. Timing is everything for the VST folks. I have developed so much distrust over this market over the last few weeks, that i don't trust both the up and downside. Just mindlessly playing the signals from my system, without having a real feel for the market.
As i said in my morning post, it's a battle between the daily and weekly at this point, which is still unresolved. Once it's resolved, a massive move is coming. Until then, smart traders, who don't paint themselves as bulls or bears have opportunity for some good money on both the sides.
P.S: After sometime, this kind of volatility can ruin a trader's bladder. Gosh, i can't even take a bathroom break
I CALL THIS A "ROCKETS AND ANVILS" DAY. IF Thursday does not trade below 1477 we wil have a down cycle failure, a rare event. If it does trade below 1477 Thursday then the market did trade lower than the previous cycle high on 8-02
LT d:^)
Larry,
What's the implication of the cycle failure in your work ?
#9
Posted 08 August 2007 - 03:35 PM
#10
Posted 08 August 2007 - 03:39 PM
If your putting on 5 or 6 trades a day in this market and making money, you are good!
If a daytrader can trade this market well, he can trade any market.
I was going to take the today off, but put on 3 trades, made money on 2 of the 3. Only netted .75p , yes 3/4 of a pt. HA! Maybe I should of stayed with my plan to take the day off.
WOW.
I feel like I should go to the gym and put in some training, this is fall '98 all over again. I need beer.
I hear ya. Yep, 98 all over again !