ah, I see...well, I just left trading for a number of years when I realized the "reflation trade" was back on in 2009...I traded during that 2003-07 choppy uptrend and was burned out and then 2008 came and even though the markets collapsed it just left a bitter taste in my mouth knowing how "fake" everything had become in the years leading up to that... but coming back to these markets in recent months I see a new bag of tricks and I'm adapting..smaller size, scaling in, spreading, etc...very defensive... (of course I came back for the exact thing I saw setting up prior to 8/24), but I couldn't hang on long enough to most of my bearish bets...that was a bitter pill to swallow.
Multiple hourly bar reversals...that last one was particularly devious...meanwhile mid-caps and small-caps weren't buying any of it, but they've also become the whipping boys of whatever their bigger brothers are doing lately...
Naz retraced from daily resistance zone, INDU smacked into 20MMA from below. Of course time will tell whether this will be the continuation of what started in August or higher. Let me guess, Rickshaw wasn't here today?
Well, I hit on several of these! Can't call it a successful day of trading them though...considering I made $0 off of any of them. Some evidence towards my ideas working though, so that's good at least.
watched cnbc for the first time in months today one guy from fast money says "as soon as S&P held above 2020, i knew it would go to 2072" or something along those lines guys like this that pull numbers out of their ass with no basis behind them really trigger me
Don't worry the magic futures will do what they always do, rise overnight and erase any losses today. Same thing over and over and over.