Nice, my first was 1989. I was long 10 OEX index puts. Although technically that one may be officially remembered as a mini crash.
that was one wild fckn move. I couldn't bring myself to jump in, but i remember watching it.. it was like electronic death throes. the dude next to me bought it for his ira.. poor bastard. I think he bought around 30 something with a couple thousand shares. The look on his face that Mon was just stone, i looked at him like sorry bro.. and he just shrugged. his words were something to the effect of "who knew?" The best part was that he couldn't hold an intraday position if his life was on the line but he could eat a monster loss with a straight face. He was a good guy though.
Last august, we put in orders just before close that friday (post market shorts) when the news about the downgrade came out. I was so out of control (happy) I called my broker Mon night to make sure the trades would count. Sometimes soros dreams do come true.
Yes, we are headed into a second Great Depression or a third Long Depression. History repeats. That said, I bought the dip in the past few weeks and three times made 20-40 ES points each time. Get it? We are headed into a Depression and I only took three long trades the past few weeks and still made money.
Looks like the ole fave like AAPL are now selling off. Just like in 2007 the selloff in Google prompted us that a recession was coming so will the selloff in AAPL. My advice, by gold and coal miners.
i agree here.mi think we are entering a sustained downtrend. we will probably drop another 10% or so.
The last time you posted about a decline in this thread, two days ago, was near 1360 on the ES. Since then, the low has been 1359 and the high 1388. Did you ever think that you just aren't good at this, except possibly as a contrary indicator?