Here's what's up , if you haven't already took notice. We're perilously close to falling into the abyss. <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2184943" height="600" width="800"> Click to enlarge
They have to close ES below 815 Looks likely. Hedge fund redemption deadline was yesterday or day before
The selling into the close is too orderly - no sliding all the way to 790 area. So weak hands long selling while strong hands take over, fully expecting and prepared for a drop to 750 area. BUT, what if, ES fall beyond what they think?
Another 40k loss for buy-sell. Whats that about 200k down in 2 months?The way you trade is the wrong way to trade and nobody should ever trade like that.
It is kind of unpolite to bet against my predictions, not to mention bad for the account's health....
Thanks Mup...Its not a good market to position trade when intraday dow goes up 300,back to 0,down 300,back to 0,down 400,we get a lot of those,this is best to trade this market short term and be willing to cut losses and change direction quickly,it's the max amount of profit your looking for,trade what the market is giviing you,we will never see this volatility again,at least for a very long time,once this selloff is done, i think the market may stay dead for awhile,people will be afraid to get in(mom and pop)