On Sunday, I showed how the market's sold off going into the three prior elections, but you've been pretty confident saying nothing will bring this market down and elections doesn't matter...even with NDX still below the July highs... It may be true that the market always rebounds, but even you can't deny that the charts are littered with some pretty solid down swings. That's why trading is difficult. You really need to know what you're doing in order to navigate those gyrations going up or down. Investing? That's another story.
Subtle message there, the man is the positive one... The market has inflicted MAXIMUM PAIN on me this week. Luckily I panicked out of longs yesterday but I'm frazzled. Quitting trading for a while until my senses settle down!
The normalized Days based on opening price + Long-Term Secrets to Short-Term Trading Led me to try this ... When a day closes strong (>= ATR(20)) or weak (<= ATR(20)) Then Sell the strong close, Buy the weak close Looks like there is a little rule right here. But sometimes it's also the beginning of a trend or just a continuation day.
I BTFD on one of my favorite stox. Maximum pain is usually maximum opportunity, and when you're numb you can see the price patterns.
569.70 was as low as she got. Not bad. I'm a better furu than a trader! Will be at the screens tomorrow so will try some daytrades! edit: spoken too soon? dropping again. Might hit it!