That sideways action all year was investment banks rolling out of longs and into shorts, now it seems the central banks is no where to be found. Now that there friends are positioned correctly.
apple was down to $92 now $104 This market right now is a traders dream come true, if only some had the time and up and running broker to place those trades in those first few mins of the market opening....
I think one problem I noticed I have with trading is I have many many many positions in 3 different accounts and on days like today which come every 3-4 years its hard to scale out and in with so many positions that I hold and watch. Today alone I was waiting to sell SDS and SDOW but with the bid and ask all over the place I had no idea where they were trading until I sold them both and saw where there intraday highs were about 30 minutes into the trading day....
Best 2 calls for a top this year were from Brother Surf and me http://www.elitetrader.com/et/index...-bear-weekly-chart-analysis-of-s-p500.292169/
WAIT A SECOND...... IS THIS THOUSAND POINT COLLAPSE AT THE OPENING GOING TO BE INVESTIGATED? WAS THIS ANOTHER FLASH CRASH??? DID SOME TEEN IN HIS DADS AND MOMS BASEMENT CAUSE THIS MASSIVE 1000 POINT 10 MINUTE DROP???
WENT IN again on SDOW at around $25, if we get a massive sell off by the close its going back to $29-$30 a share!
In the last hour I have called 2 brokers I trade with and they have given me a total of 35 free trades or approx $320 worth of free trades which if you think about is really nothing crazy but at least something....