Continuation sellers are being targeted today. Anytime a sizable offer shows up, someone buy at market to run it through. Very odd.
That's what I was eluding to in my previous post. The "panic" selling is being stepped on... Something is going on. Maybe some sort of quiet agreement by the gov't and large firms not to spec short. Just speculating myself Continuation sellers are being targeted today. Anytime a sizable offer shows up, someone buy at market to run it through. Very odd.
Jim Rogers on Bloomberg says he wants to see a selling climax for a reversal to take place. You got to wonder what he wants to see, but he is short banks and probably wants to cover in a crash There would only be a few 'selling climax' lows greater than this.
aight boyz i'm back i told ya something did not seem right to me. i don't trust this price action. this has all of the earmarks of a HARD selloff climax at the close. i think they are holding madd orders to sell on the close. again something is not right. how can the market be so tame and not rally or selloff to test either the highs or the lows? i would expect just about anything to happen at this point it would not surprise me. i'm going to lunch now. be back around 2pm.
Got nothing to do at the moment ... what else can you do sitting on a position now - just watching Now, what is sell climax? It is pretty simple if viewed in terms of leverage. Not just margins, etc. The risk that someone can handle psychologically.
Yup. I am not going to cover my shorts from 1220 (NQ) unless we break the high of day. I have the feeling that we have no idea how much selling is really about to take place. Willing to have a much larger stop than usual just to make sure I will be in the market in case this sell off ensues.
Looking to get short 1212-1220 zone. Goverment really needs to prop this thing today or there will be a free fall. Feeling bad about investors etc. Hopefully they rally it. PPT where art thou?
I seriously don't believe this is attributable to "retail" selling. I think it's more odious than that. I never saw this type of wholesale liquidation throughout my entire trading career (over15 years). And, yes, I think we'll close below THE low made on 10/10 today.