%% NOT 100% sure- I think traders were joyful @ socialist Sanders losses-- but then remembered all the 1930's stuff in the news=@ least they started selling oil by the quart LOL. 3x ETFs have always been wild; cash ETFs looked better; but SDOW daytraders, most likely did well...…………………………………………………………………………………………………………………...
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%% True-- in a lot of markets red candles I'm still trying to figure out why people buy bottled water/panic buy it also?? Partly good ads= Coke + Pepsi know how to sell/LOL I like city water/rainwater myself; watermelon juice, green fruit juice+ red V8+ multi blend fruit juice...…………………………………………………………………………………………………………...
You can make up these sayings but there was something behind this move. Actually for the last several days strange things have been happening within 30 mins of the close. I suspect there are groups making billions. I do not have the data feed, or algos, or whatever, but there has to be some traders here who have some idea based on sequence of trades, volume, something - that shows that a concerted effort was made to tank the market. Of course it is Friday and weekly options expire.
You have to have a consistent. Even if there was something to this move and even if someone knew exactly who sold what they aren't going to tell you. Therefore the only thing one has left to use is reasonable consistency. On my charts the move got overbought plus we know the bears are still in control of the market at least by the metrics I use. Do you really think its surprising the market has dips like this? considering we have a full month of massive selling? People are just going to buy buy and than hold. They are still nervous and some people still want out. If you don't understand or agree with this, than that's fine. But it does no good to look for some one-off reason as to why this down move or even a few before were "special" or some "different force" is behind them.
%% I don't like the last 30 minutes much or last minute drama.Last hour helps me more; + weekly...……………………………………………………………………………………………………………….3X ETFs even more so= or 2x, in last hour tend to be strange
You can’t help being stupid, you were born that way. But you CAN stop embarrassing yourself with some of the worst predictions in ET history.