Poll: Is This Pre-Crash Action?

Corrective or catastrophe?

 

First off, what is the definition of a "crash"?
Any percentage terms?

 

study history or you are doomed to repeat it

crashes dont come when half the people on an internet message board are heralding it's arrival

 

Exactly!!!

 

how is corrective crack and crash ./ no catastrophe.

 

I'll bet for every one person on ET aggressively selling rallies and adding on weakness, there's 20 traders passively buying the dips and either making a couple of hard blood points, scratching, or getting hammered. The price action SCREAMS that there's not many shorts.

 

You could get a bounce tomorrow... not sure how long it will last thought....

 

The Answer is not suppose to ask a question, he's suppose to be the Answer!!!!!

 

Go hang out on a non-directional thread.

 

good point. SPX broke a support today. If we close below this support tomorrow we'll more than likely head down to the next support.

I made a bit today selling LU and buying CRXA.