With this type of sell off, see %B, there will be lower lows on a daily basis but bottom is near. for day traders and scalpers, this is your heaven. I hope for the current of volatility to last longer.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
now it's hard to call if the rebound means the low was in or just a rebound. my guess is it's just a rebound.
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So Nomura's strategist, as published in Zero Hedge, absolutely nailed it. The CTA's hit their lighten up point. So I am waiting for the article from Gandalf explaining when the equal risk Bridge water types start puking up a lung, er, I mean reducing leverage.
vol surge, could be a rebound here first then we'll see.
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BullBear52x wrote:Bloody yet? I got no counter trend setup yet, Hmmmm
I remember reading about a day like today in a fairy tale trading book - I think they called it a downtrend day. I did not think they really existed? Wow
BullBear52x wrote:Bloody yet? I got no counter trend setup yet, Hmmmm
I remember reading about a day like today in a fairy tale trading book - I think they called it a downtrend day. I did not think they really existed? Wow
Wonder how many >2% drop day and stay low in the past. I know Cobra has that stat.
My comments are for entertainment/educational purpose only. NOT a trade advice.