SB73 wrote:Folks this wasn't supposed to happen. We were supposed to be on our merry way all day. Literally bought TVIX at 16.50 5 seconds before this happened.
Alright back out...call me scared scalped .10.
hello senor
a dime is lunch
yummmmm
u still have DBC?
SB73 wrote:Folks this wasn't supposed to happen. We were supposed to be on our merry way all day. Literally bought TVIX at 16.50 5 seconds before this happened.
Alright back out...call me scared scalped .10.
hello senor
a dime is lunch
yummmmm
u still have DBC?
Europe has had a VERY impressive day - looked like we had a sell the news event with the LTRO, but we have been straight up since the open in Equities and Bonds.
Italian Bond Futures BTPH2 look like AAPL 87.50 in November - now above 108 - on Feb 16th - they corrected to 100... and have just headed straight up!
was reminded of this on another site, and think it's a good one for all of us to think about and be reminded of:
In the Classic Reminisces of a Stock Operator he goes over this. When Big Money wants to SELL the first thing they do is BUY . . .
This drives their competition out of their short positions so they can't
cover on the way down to slow the down move. Also this builds their
war chest of longs to sell from a higher level. So they clean out the
shorts as they buy then they clean out the longs when they reverse and
sell everything bought on the way up. Makes for massive profits to the
bigger operators and gives them a clear path on the reversal.
Also once an important channel line is broken then typically the market
will come right back down to test the break out area. So if you buy the
breakout you may have to sell on the test only to have the market
reverse again and head on up again for a clear move on up to higher
highs. Point is you've got to look out a derivative or two to see what
is really going in these markets and don't chase a market let it come to
you.