reduced on daily, same lines. bed time, some of us have to get up and work for the man tomorrow. good night all and good luck to all tomorrow on quad witching day, DOW additions and deletions, and approaching end of the month.
How about the even rarer yearly gaps? Last year had a gap that didn't fill. This year has a gap yet to be filled. It would take an almost 20% correction to fill it.
I did not say I would go either long or short from here, but if someone held a gun against my head and I had to choose, I would definitely go long. Good luck. I remember reading your very nice and inspiration P&L posts. If I'm not completely mistaken, you're not a directional trader, no? Regarding the speed of market drops, is that not some what of a myth or at least an exaggeration anyway? I think some more context is needed to further look into that, i.e., timeframe, current state of the market, etc. When I get my database back up and running, I would be interested in doing a study on it since I have an algorithm that actually measures swing size and duration. However, my own qualitative observations from watching intraday price action for a few years is that the moves to the up side can be just as and even more violent than the ones to the downside, both in terms of speed and magnitude. Regards. Same to you. And thank you for the charts. What would you see if you removed all diagonal trendlines and drew in horizontal lines instead? Would that still make the case for a short or would that make a different picture? Regards.
I think he trades VIX futures? I don't know what, or how he does it, but he makes boat loads of money!
up moves more often grind with occasional strong pops,down moves are more often violent with occasional grinders, i wait for that one or 2 days per month where we get the strong down move