we'll probably get a bit further down, just enough to get the bears excited and smug for their one or two days per year, before we turn the ship around back towards the highs.
Works for me! Im still holding a long from yesterday which is now nearly back to BE, so the sooner the better! lol
Market will go down more toward the close once the hope for the market to recover dies. Now the time is 11:20 ET.
Hmm I sold my long pos at a loss.. this market action to reminiscent of flash crash.. saw like six 15min candles in a stair step down pattern, as if HFT were turned off... going long when I see a better entry.
Looks like I was right about exiting at a small loss. If I stayed in would have had a bigger loss. I really don't like the stair step down pattern, its different from normal selling. Todays action right now kind of resembles yesterdays stair step down. Still looking for a better opportunity to buy.