permabears are wrong, until they're finally right there's no question, that we've seen a change in the character in the market, unlike anything we've seen in years waterfalls are notable, in that they are so sharp and severe, and they follow a period where dip buying always worked, that people cant believe that there aren't buyable bottoms, that just dont come i dont have any predictions, other than to observe that this is dangerous no matter what any thoughts?
wise to be fearful and flat during extreme volatility,big money to be made but when your wrong it's big money to lose ,wait for mrkt to calm down and trade setups
the only thing that is dangerous is the inability to read price action........other than that all price movment create opportunity to judge risk........really, the market is a level playing field for thinkers.......there are two sides to the market.........permabear or permabulls, whatever you call 'em, these are two sides of the same emotional coin..........approach the subject as a trader............btw.............if you don't have any predictions then how can "this be dangerous no matter what" ? Don't throw your mental hands in the air.......there are only three apsects to price.......1 going to happen, 2 is happening and 3 has happened.........everything else is commentary think through the risks........try assessing the risk to the person on the other side of your trade and ask what do they gain by trading against you? anything that keeps you focused on the technical aspects.........
the market is calm........cept for the part that YOU are focusing on...........you see......YOU are the market.......the market is not calm or hectic of itself only YOU are because YOU are trading the market...........trade with technical logic not emotional logic.......this way you'll less likely to posture at the market like Don Quixote.........KNOW you risks.......know your strategy allowances.........you see, correct focus allows time to think so ...........get focused on probability and not possibility.........
and.......whats the deal......with your....Morse code.....writing style? it makes you look like a nutcase ..-. ..- -.-. -.- / -.-- --- ..- / .- ... ... .... --- .-.. .
......... where do you think this waterfall is going? I f you saw the change in character is that a flip to a bear mode or an opportunity for bulls to bag cheapees? Where you do you think the major technical levels exist for support in the US spx or d30 ? we saw some flush volume in what looks, to me, as a first leg down.......do you think we have more to go?
Look for massive hedge fund blow ups soon. 1.5 trillion controlled by hedge funds, most highly leveraged so that moves against their positions are amplified greatly. If things get ugly, which is what the fear has always been, they won't be able to liquidate their positions, and the unloading of their shares will flood the bid/ask.
Even better, they have started unwinding their USD$/Yen carry trade nonsense and has been rather profitable on the other side , most funds round here were playing the long side on futures (leveraged) and kicking the Yen as well (leveraged) , if one major prime broker sneezes and a couple of hedgies sink then Apocalypse will be here. Couple months ago in NYC they had a hedge funds start-up seminar, kinda like those retail invest in houses and make kazillions/day events. Was it a top ? Personally am not fussed as long as volatility comes our way