Can see that Macro ... thanks SPX 1174 held today, not sure it will for long, 1161 next! I'd watch the pivots. We're b o t t o m i n g !
Nowadays most traders are used to narrow range markets. It seems these last few days have made a lot of people panic. Anyone here remember thanksgiving 2000? I am still fascinated by that episode...here is just a recap: Friday after Thanksgiving, nasdaq rallied 5.4% (149 points) <<<sucker Next Monday-Thurs went down 306 points (-10.6%) <<<sucker From that bottom, it rallied back 292 points (11.2%) in 3 days, of which 10.5% (274 points) came on just one day (12/5/2000). So which is better, markets now or then?
Usually an investor, but been trading this market lately. Actually, being an investor during a correction is boring. I'm usually on the sidelines. You guys must be rubbing off on me. Opened an Interactive Brokers account this week
the GOOGLE EFFECT? I noticed this a while back: see chart Goog announced earnings in April ... gapped up ... the market rallied with it ... and while Goog consolidated it's recent highs ... the market made it final bottom about a week later. Interesting parallel!
Mav, since I was very sincere in answering your question earlier about Thursday's plunge and how it affected my trading and fund, could you please tell me which one of the guys in the following photo from the Chicago ET Traders Expo is YOU??? You aren't the bald guy with the big nose, glasses, and the flash bulb bouncing off his forehead with your arm around the guy in the pink pants, are you? Tell the truth now!