I Have Not Been Able To Exclude The Possibility Of BLACK MONDAY 04/26

I actually don't know anymore -- I am done buying. If I get stopped, I will not take a direction anymore.

 

If the Senators were not so mean to the Goldman guys we would be up another 50.

 

30% VIX jump for -2.5% SPY has to be excessive to my eye . so we should have a bounce back short-term. if somebody could post a formula or a study that relates these two that would be great.


BUT, look at Jan top! the exact same thing happened: the first large red candle resulted in a giant VIX spike on Jan 21 only to be followed by more sell-off.

 

not a bad day for active daytraders, so many signals that it was hard to keep up..

If this keeps up, i might have to vote for Obama

 

I'm a bit peeved at myself. Saw an ES short signal 3:25pm with an 1179.50 target zone and didn't trust it. I'm too used to end of day monster rallies after a big selloff. This second selloff caught me totally off guard. I chased the one this morning and snared a nice gain, but was afraid to chase this EOD.

 

Um, Mayday?

 

I'm sure everyone was thrown off, even those who were short three months ago, like shortie.

 

yes, the market has done a great job of conditioning people: "buy the dip", "eod rally", etc.

 

What comes to mind is a quote I heard somewhere,

"I'd Rather Be Lucky Than Good"

 

LOL! Yes, I did. I bought the bounce, and then was stopped out. A loss, but not a large one. And it certainly doesn't cancel out all the times where buying the dip worked.

I do find it somewhat odd that GS was up and the whole market was down, despite the congressional grilling.