If it's a top worth selling (like the last 600 point drop) - one can enter on the first decent sell signal. No need to pick the top in advance, especially in a rising market. The market can stay irrational longer than... and all that stuff.
Rational and lucid point. Timing markets without confirming price action is a fools errand. Look at the hundreds of failed threads over the years in this regard.
Yes, but it's good for the market, the more dumb and reckless the better. And the entertainment makes up for the otherwise boring existence. I can't help but be fascinated by train wrecks.
Come on guys, NQ is over its highs, you know people are shorting ES...... Micro E-minis coming soon..... you'd be surprised how many retail people like to short. Add in the mental fact that they can double and triple down on there micro e-mini short to average in and still be under a contract..... what could go wrong with such low risk short right? Seems like a good setup to force some short covering to me. The odds that we don't go to at least to 2956.50 on the ES before any major pullback is really really slim. Not like I'll take a trade based on a prediction or assumption. I'll still wait for a setup intra-day that mathematically makes sense. But if I was forced to predict, I'd have to go with we're setting up for a nice short cover rally very soon.
Hmmmmm Hedge Funds Are Shorting the VIX at a Rate Never Seen Before By Sarah Ponczek April 26, 2019, 5:01 PM EDT https://www.bloomberg.com/news/arti...-shorting-the-vix-at-a-rate-never-seen-before