Trying to pull up news about this Dec 9th meeting happening in Europe, talk is that they might do QE as well.... but not finding too much, I think its going to move the US markets at least 2-3% come Friday....from what I am hearing this is suppose to be a huge market mover.
Very interesting info on the VIX Hearing a lot of talk about the VIX: Listed below are some new and continued indications of a top. The Volatility Index (^VIX) has now traded outside its lower Bollinger band for the fourth straight day. This is a pretty rare signal and has only happened nine other times since 2004. In six of those nine times (67%), this led to prices falling below the price at which the signal occurred; however, sometimes after one or two days of the market trading higher than the signal price. In one of those nine times, this signal marked a major peak...
Adverse market conditions continue to frustrate the trolls who require a scapegoat to externalise their anger. This will get worse as the long term bear market develops.
Grand, nobody is really angry here, ET has seen multiple iterations of "Grands" in the past, they came in all flavors and colors, your threads are USELESS to say the least, I am sure that you if you start discussing something intelligent people will change their attitude towards you. I hope you can at least understand why your thread is useless but if not here's a hint: for some traders a trend happen on the daily chart, for others on the monthly and others yearly, while for others it happens on the 5 secs, 377 ticks, x, y, z .... Your thread says "Market Outlook" the other says "Xmas rally is over" ... you are obviously short and is suffering of a very common trader pitfall covered multiple times by M Douglas (great book to spend your time on). Hope this gets you on the right track.
He also has a thread called the xmas rally is on or something to that effect. No one likes him because he spouts this drivel without any analysis or thought. And when some engages him with a comment that is not "you're awesome" he gets upset. Personally I don't care if 90percent if his calls are wrong. But he should explain why his calls are what they are. He's intellectually dishonest.
SP500 intra reverts to neutral/bearish chop. Adverse market conditions continue to frustrate the trolls who require a scapegoat to externalise their anger. This will get worse as the long term bear market develops.
is that a good idea to shoot for Dec.9th? I may decide to clear all of my position at Dec. 9 or the coming Monday until next opportunity coming. I am current a college student and quite new to trading. Thanks.