Dow off 60 points, What a F$$king joke...... Asia markets fell between 3-5% on BSC news and the US markets fall less then .5% intraday, amazing.....
market is way oversold, look at the vix, this is time to cover. panic selling only happened because of iliquidity of pre-market. all that panic could not get dow futures down 200 points that was your cue to cover
Anyone who allows emotion and a "need" to be right on where the market is (should be) trading will not succeed as a trader. Who cares where it's at? You trade what you see; not what you "think".
CAPITUALTION! where? the dow taking baby steps down 100-200 points is not CAPITUALTION! These markets need a true washout, A dow down over 700 pts in single day or off over a 1500 points in a week is CAPITUALTION! A VIX above 40+ is fear not a VIX above30....... The dow will drop below 11500...once we get a close below jan 22nd lows then the markets will have broken major technical levels. Until then its just range trading and a federal reserve thats going to pump things up as usual..
XLF was in capitulation on the open, a synthetic vix of XLF stocks would be hugely oversold. dow is not a banking index
NO IT WASNT, XLF down $1.50 is NOT CAPITULATION.....COME ON.... $5.00+ is Capitultion, a buck 50 is what you call a joke....
A $1.50 to you on XLF is CAPITULATION, tell me you are kidding, please tell me you are kidding..... a DOLLAR FIFTY DROP IN XLF IS CAPITULATION TO YOU???
It says BUYYYYYYYYYY!!! Thanks again S2007S for yet another incredible contrarian BUY SIGNAL! "The market didn't open (low enough) where it SHOULD have . . . . Waaaaaaaaa! LOL!
No, it's called a collapse of 6.5% But you obviously have a great deal of difficulty seeing things CLEARLY. You only "see" what you want to "see" . . . Your bias is so strong that you will NEVER be able to trade your way out of a paper "bag". :eek: