weis, there are millions of retail accts out there, none of them have any bearing on yours, this stuff just turns negative and we have to read several ugly tit for tats, not something to look forward to
now to wait for the Fed. I'd LOVE it to drop off so I can get another bargain, but more likely they'll shoot up, probably without me on board. Still, been another decent day today. Either way, expecting a nice day tomorrow. Good luck all
I hear ya, but I think time is a pretty poor indicator. Use something else to determine duration of pops/drops. Volume profile and UVOL/DVOL ratio like ammo, moving avgs, etc. I like intraday cumulative volume and VIX/VXO/VXST/VVIX. But that's just me. Today is day 9 since the local bottom on Aug 7. Nothing much happened to suggest a change in trend during those several days except perhaps the Ukraine/Russia convoy scare on Friday.
good to see you banking your decisions on more than i feel bullish, how do you read the cumulative indicator, can you post a chart
I think I just demonstrated why it is a decent indicator. It isn't what I use to make my trades however. I was simply making the point that S&P is mean reverting. Which is why buying the S&P right now is trading without any grasp of probabilities. Nothing usually happens to make a "trend" change, it simply does change. P.S. I get the vibe that you think I'm short, well, I'm not. I simply have hedged my position by selling weekly calls against it.
Adjusting my add to 1985.5 - Day. Still holding an initial small position at 1974.25. No stops at this time.