That was a daytrade, that's how I look at the market. But if you come back here and post when the SPY is under 79.50 in the near future I will come back and add some more if you want me to.
mandlebro..the funny thing is you say in your previous post.. thats all i want to share!! lol like you are the holy grail of trading. the vix the trin all that crap is a mathematical formula that is determined by price. the price people are willing to buy and the price people are willing to sell.. and a prudent trader would have been long most of the day and sold at the clsoe to take profits.. so getting short today near the clsoe had its merits.
Thank you for supporting my previous statements. Sorry ET has so many haters Joab ... minor disagrements are one thing, but the fact that these people can't even connect "High Probability the Bottom is in" with " a 50pt up move in the ES" is just plain sad. There's no point in pretending these people are serious ... about trading or anything else. :eek:
Your posts are what is confusing. Joab made a MARKET bottom call, yet has provided no basis (other than self-proclaimed expertise). Ring a bell? Then YOU, Mandy, interpret this as a great <i>next day</i> call (of course, after the fact). What if the ES had gone up 20 points? I suppose you'd be changing your tune saying it was a market trend shift! This stuff (faulty analysis/claims) runs rampant on ET. Just like confused Mr. Rowshan ad infinitum. . .when we revisit the lows and perhaps break - will you not then see how faulty and erroneous this type of banter is based on? I thought not.