The market already crashed since 2000 & keep going down..... Any upside will be fake. There are so many damaged fund holdings. They are desperate to get out near price they got.
ONLY i expected one of this magnitude in the last hours of the day. Each day, I know where the high and the low will be, relative to the previous close. Its my gap play.
once the NDX closed the gap this morning, it was set in stone that it must also take out yesterdays open. That is why we bounced. ITS CALLED CHAOS THEORY.
Did everyone sense that "unseen hand" buying up the futures between 2:30 pm and the close? I may not be Oliver Stone but.... Honestly guys, for a short term trader, it doesn't get much better than this. Jim
TOTALLY AGREE! This is freakin AWESOME! This volatility is to die for man!! So much for the supposed "summer slowdown" eh Candletrader? Candletrader? Where art thou?
Lundy, You are a pretty sad case my friend... Congrats you just made #1 on my ignore list! Good luck to you Publias