Completely agree about inactivity. What I can't figure out is the explanation why is it so difficult to go with the trend on the way down? I know the market moves differently, that bottoms are often 'V' shaped, that fear is more contagious than greed and euphoria, but shouldn't there be any objective way to profit by swing-trading (I am not interested in day-trading). One possible explanation I can find, is that people tend to panic much faster which means that they are more apt to be trend-followers on the downside, than they are on the upside. This part of human nature means that technical traders have much more competition when shorting in a bear market. Or may be I am just rationalizing my inability to trade in this market, as I am sure someone who made a ton of money will be kind to point out
Great call? The market was up a whole point. Thats a great call. Guess performance is measured a little differently in the forex chat boards.
In a clash between fundamentals and sentiment, I have never seen sentiment win out over the long-term.
Which stats? I don't see it as anywhere near as oversold as in Oct. Not even close. It is not even as oversold as March or Jan 2008. Also, the fact that we are now *much lower* than the October 08 lows shows how useful oversold readings are for medium-term price movements. I.e. not at all useful. Oversold is purely a short-term measure, and it's extremely easy to get wrong.
So up a point was nothing but when $SPX was down a point that's "tanking"? Are you as big a friggin' tool as you appear to be? My stop is 771.50. If I'm stopped do you know what the net result of Friday and today will be for moi? I'll STILL be up a thousand bucks. (that's why my stop is 71.50)
buy buy buy this looks like one of those 20% rally weeks all this doom and gloom about deep recession and unemployment is a joke. The economy is fundamentally strong.