Heavy Selling in SPY,QQQ,DIA,IWM on Friday Nov. 13

Discussion in 'Stocks' started by smile, Nov 15, 2015.

  1. smile

    smile

    Heads up, Friday Nov. 13, 2015 saw heavy selling in all the major indexes with all but IWM closing very near the lows of the day.

    All indexes showed volume greater than average volume indicating heavy selling.

    Thursday Nov. 12 also showed a sell-off but on about average volume.
     
  2. Autodidact

    Autodidact

    On top of that most likely you get a substantial gap down due to Paris terror attacks.

    However, all part of a pullback that should be bought (long term) to catch the second mouse that will make new highs as a position trader.
     
    FCXoptions and Visaria like this.
  3. long term? what's that like 50 years?

    the top is near if not already reached
     
  4. ktm

    ktm

    We were up the day after the London bombings.
     
  5. Autodidact

    Autodidact

    Ok smart ass.

    How much you wanna bet we make all time highs in SPX and NDX in 15 or 16 ?
     
  6. gambling is a 0 sum game, so is predicting where the market will be 1 year from now

    but you seem to have a crystal ball, or seem to think that bear markets don't exist? i can't argue with a fortuneteller or a madman
     
  7. Autodidact

    Autodidact

    Bear markets certainly exist, but we arent in one.
     
  8. Chubbly

    Chubbly

    I agree. Things are looking up which is why the Fed wants to hike rates. We just had 6 straight weeks of gains in the S&P500 and 1 week down. How is that a Bear market
     
  9. Autodidact

    Autodidact

    Yes but in the mind of an ET noob, the world is ending, they think a bull market constitutes 200 green bars in monthly chart anything else is a top or overbought.
     
  10. Chubbly

    Chubbly

    Of course we can predict where the market will be in a year from now WITHIN a certain probability. All you need to do is look at the SPX Option Chain one year from today. If you don't believe/understand the math behind options pricing models you do so at your own peril.
     
    #10     Nov 16, 2015