Hey Monica, Hope your trading went well today and even better tomorrow. Since the market is closed now, I would like to say that while your sentiment about controlling evil is obviously meant to help you cope with “bad things happening to good people” it is rather defeatist and would only encourage evil people to steal, kill, and destroy all the more if there were no resistance.
I think British Statesman Edmund Burke got it right when he said, “All that is necessary for the forces of evil to succeed/triumph is for enough good men to do nothing.” I realize it is far easier to just go with the flow, avoid conflict or confrontation in order to just “keep the peace” but since when did that produce the best results for individuals and mankind as a whole.
Just my 2 cents…not trying to be preachy, just encouraging. That's all I wanted to say…off my soapbox.
The biggest concern about that Rip is the lack of real volume. Only 212 million on the spy today. Not really what I call panic selling, or big institutional selling.
More like controlled selling to work off over bought conditions. Cobra gives it a 15% chance on his quick after close udpate…
So what's your thoughts about today Anna?
http://hotoptionbabe.com/blog/24-key-support-le…
US Markets view before opening bell
http://niftychartsandpatterns.blogspot.com/2010…
This is more based on pattern and emotion than pure EW, however,
http://oahutrading.blogspot.com/
ES Perspective, looks like a no-brainer to me.
Hey Monica,
Hope your trading went well today and even better tomorrow. Since the market is closed now, I would like to say that while your sentiment about controlling evil is obviously meant to help you cope with “bad things happening to good people” it is rather defeatist and would only encourage evil people to steal, kill, and destroy all the more if there were no resistance.
I think British Statesman Edmund Burke got it right when he said,
“All that is necessary for the forces of evil to succeed/triumph is for enough good men to do nothing.”
I realize it is far easier to just go with the flow, avoid conflict or confrontation in order to just “keep the peace” but since when did that produce the best results for individuals and mankind as a whole.
Just my 2 cents…not trying to be preachy, just encouraging. That's all I wanted to say…off my soapbox.
The biggest concern about that Rip is the lack of real volume. Only 212 million on the spy today. Not really what I call panic selling, or big institutional selling.
More like controlled selling to work off over bought conditions. Cobra gives it a 15% chance on his quick after close udpate…
http://cobrasmarketview.blogspot.com/
We really need a down day tomorrow in order to get back down under those MAs.
This afternoon was pretty freaky, though, ought to scare off the dip buyers.
Dow jones analysis after closing bell
http://niftychartsandpatterns.blogspot.com/2010…
Volume during the breakdown in the last hour or so looked pretty decent, and I think it will hold.
This is going to catch a lot of people by surprise. I am thinking we could have a gap down.
CNBC is helpful: “Could Another Flash Crash Occur? Some Pros Say Yes”
Yes if the 200 dma is taken out tomorrow and a close below that would confirm it