And another opinion that exactly describes current equity markets: Life is a dog. If you try hard it changes to bitch. Edit. I beg your pardon I have short position in gold with average 862
I posted this chart the other day explicitly for your viewing pleasure. I suggest you make another visit. But I don't think we'll shoot straight down to the lower channel but rather get a bounce for a day or two (or possibly longer) after hitting the 1150 mark.
Are we going to look back at this like 87? I'm just curious as I wasn't old enough to trade back then... I can't believe how every financial stock is under attack. I feel like I shouuldn't short this market even if I see a good setup. (11:42AM EST) Long 61.50 Stop 56.50
So it seems at the moment. BTW this will be my last post for the day. I'm sure some of you are already sick of my presence here.
Very similar to the Russian crisis. Not much like the 87 crash. The aftermath of the Russian crisis results in Russian bonds trading at 95% discount on the day of its low.
bit the bullet at 118.60 This was painful but in hindsight I am feeling pretty good about it, that is exiting the position. Vix at 38.17 WOW!!
Important lows are made by those buyers who are properly leveraged (correct money management). Liquidity (flow of stocks) reduced, price goes up.