Is is a fully automated, self-adapting software program that is trading my accounts. Basically I have a software that is running the show. In a way like an Artificial Intelligent trader that adapts to market and trade my money. How Intelligent?? It remains to be seen... For 3 years now it has been doing good. Will it last? Who knows...
That was a horrible close. The markets sold off all the way until the cme closed. If you are long you are in denial and are underestimating how bad things can get. It is very likely that we repeat tuesday on monday only this time stuff could be done even more. People are still too bullish and memories are too short. be prepared
yes its scary this looks like its setting up for a monster lean on Monday.. the upside was declining volume so maybe we havent had our washout bottom yet. (at least short-term)
Absolutely, but part of the reason I think the market will be up on Monday is because nobody wanted to be long over the weekend. I was talking with a few traders and they were scared out of their pants to be long at the end of the day - which may mean it's the right move on a purely SHORT-TERM basis. If I've learned anything over the years it is to trust my own indicators. A very real and powerful decline could happen soon -- I just don't think it happens Monday and my indicators support that.