Low volume means squat. High volume MAY, sometimes, indicate a reversal. I have found certain conditions under which this may be true. Maybe. But ONLY when trying to decide when to go short, not long. There's a very good reason for that. But I'm not giving it away for free. Obsessing on low volume is, I dunno, silly. It's certainly an indication that you haven't rigorously tested for what volume means.
Yes, it is ludicrous. They have decided by global royal decree that every session will end in green. The sun is always shining on the King's territories. It's a joke, there's hardly any intraday correction, when an index tries a retracement, it's denied before it's completed.
Nasdaq bright green which should push the SPX to 13 and 15!!!!!!! I dont know about you but I dont know where to find such guaranteed returns like this anywhere, if the SPX closes green today it will have gone 13 for 15, thats fucking incredible if you ask me, of course everyone should know this doesnt guarantee this same trend going into the end of 2012, I have seen this before where the market rallies and trades higher only to completely fall apart, so while the market only knows one way now take it for what its worth and sell any gains you might have, I did last week and waiting patiently for the next break down to get back in, that means a dip below 1200 on the SPX.
qqq at 59.83. They stick it to the late bears this morning, but are they not about to bring in the sales team to stick it to any late bulls?
10 short minutes later, qqq at 59.69. They already clipped 0.14 from the top of the 10 minutes ago bulls.
I don't consider myself bullish or bearish, ever. We were overbought, and I made money in December on the shorts but haven't been so lucky this month. (The call that that sell call was in reference to was profitable, btw, earning 4% for the month in my model, and 39% on a new system on C2). Covered an NQ short at 2439.50 and 2439.25, sold SQQQ at 15.74 and 15.77, and made 9.9 points on a long stat arb trade in TF today. I am neither bullish nor bearish at this time. Flat, and my viewpoint is neutral to bearish. How much drawdown did you take on the Euro with your next buy? 4 cents? No, I bet you deleted the next call in front of that freight train.
Is that right? How does one manage to make money on a short position at the bottom? Did you cover your short? Are you bullish now?
You idiot. I shorted December 1st, and covered around the 14th or 15th, making 4% on the short, and 39% on a leveraged trade on C2. I am neither bullish nor bearish. Flat is neutral for me, but even though we've been rising yesterday we were oversold, so we'll probably go higher but I wouldn't take a position on that until I have another pairs signal which will probably be long 2-3% lower from here if there is one.