I like dull markets. I like strangles. I like to sit and watch people get whipsawed. I like to play counter trend. I like my elastic band indicator on the days like this. And ... I like Fridays! Cheers.
because imo, it's not about buying in this market.... it's all about Greenie and the PPT just preventing market from going down... It doesn't matter what the market does... as long as it's not allowed to go down.
They spent all their money getting it up 450 points in the last 5 days, just in time for options to expire.
So your the guy I am always yelling at. Since I am yelling a lot your probably having a good week. The next round is on you.
Yep, that is me... enjoying a trendless day! In the past 10 years 72% of trading days were whipsaw days. 82% of the days had a meaningful reversal (retracement) during regular market hours, 94% of days had at least one opportunity to break even on the reversals. And ... only 6% of trading days were trending "MUD SLIDES". So, most of the trading days I have been hearing your voice screaming and yelling at me, so .... I got use to it by now!
Yep, that is me... enjoying a trendless day! In the past 10 years 72% of trading days were whipsaw days. 82% of the days had a meaningful reversal (retracement) during regular market hours, 94% of days had at least one opportunity to break even on the reversals. And ... only 6% of trading days were trending "MUD SLIDES". So, most of the trading days I have been hearing your voice screaming and yelling at me, so .... I got use to it by now! [/QUOTE] Hey Maestro, 2 Questions: 1. What parameters do you use to classify a whipsaw day? 2. How do you differentiate between a reversal and a retracement? The way I see it, a reversal on a shorter time frame could be a retracement on a longer time frame. Thanks