I hope you have also noticed this is a common occurence in BULL MARKETS. Anyway, anybody who followed my call of S&P 1270 in a month made up to 50 ES points already in less then a week You're welcome!
I'd like to take credit for my call, too. Anyone who followed my call sold 1220 short , bought 1175 and rode it back to 1220. That's a gain of 90 points. You are welcome!
i love how people cheer themselves when they make a call, but run and hide on all the other calls that weren't so hot.
I don't have enough experience dealing with traders, but from what I have seen so far, their behaviors correlate nicely with behaviors of poker players (whom I've had a great deal of interaction with) and gamblers in general. They seem to only remember the winning sessions and somehow forget the losing sessions. Or, more accurately, in their minds they amplify their winning sessions and minimize their losing sessions. Ever notice how there are no losing gamblers? Only those who win and those who break even.
The VIX was down over 9% today. It will be interesting to see how the SPY responds at 123 near the prior highs. Perhaps you'll get more of a push/pull at that point.