Marty "Pit Bull" Schwartz was a heavy hitter in the S&P pit when it was introduced in the 80s. He made millions trading it. He tels the story when...
Fast market this morning...
Guys, the ES has been in a 4 1/2 point range since the day session opened, quit bickering and go do something productive.
I predict with absolute certainty that I will make money on some trades and lose on others.
This paper has always been securitized and underwriting has always fluctuated but these loan terms are a whole new ballgame.
Early was good patterns, afternoon was tough.
While I don't encourage the arrow catching business, if you really have talent at finding reversals, you should design and test your own ideas...
This action reminds me of the days trading the old ER on 300 tick chart....good mining but exhausting.
The market continually tests us.
expected a little bounce off 58 1/4 but nothing like this
krazee action
The morning was clean....afternoon, not so much
Good exit point...gotten choppy here
first support area here
My 15 minute chart is short...time for test
Lotta difference between "I've got divergence at support" and "how much lower can it go?"
I hear ya
the noobs try to pick bottoms , many have never seen a bear market.
The August panic involved everyone.
Actually the opposite, this is institutional liquidation.
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