If I had to venture a guess I would have to go with the "dead cat bounce" idea. But I'm hoping for an extened rally. Not those 2-3% days but the ones that will get you 2-3% over a weeks time.
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bmneveu's Account Talk
- Thread starter bmneveu
- Start date
If I had to venture a guess I would have to go with the "dead cat bounce" idea. But I'm hoping for an extened rally. Not those 2-3% days but the ones that will get you 2-3% over a weeks time.
RealMoneyIssues
Well-known member
Or, it could be a contrarian indication...
Yeah, assuming we're still the dumb money. :blink: It may be a mix.
Coolhand's sentiment charts show all users, and another with just the top accounts and where they are putting their money. Whether the top is the smart money - or they just happen to be "hot" - could be reason enough to follow along.
The bottom, or those just currently out of sync with the market (and I have been in this categary many times) can be used as a contrarian indicator.
We all have those times where everything we do seems right, and other times when we can't pick the winner of a one horse race. Knowing where you are at that moment can tell how much to trust your instincts. But as I said, the ones near the top or the ones rising, are people who are in sync and I would consider the smart money, at least at that moment.
Coolhand's sentiment charts show all users, and another with just the top accounts and where they are putting their money. Whether the top is the smart money - or they just happen to be "hot" - could be reason enough to follow along.
The bottom, or those just currently out of sync with the market (and I have been in this categary many times) can be used as a contrarian indicator.
We all have those times where everything we do seems right, and other times when we can't pick the winner of a one horse race. Knowing where you are at that moment can tell how much to trust your instincts. But as I said, the ones near the top or the ones rising, are people who are in sync and I would consider the smart money, at least at that moment.
bmneveu
Well-known member
I was so worried that yesterday was just a small bounce on the way down -- today really put that assumption to rest. I'm bullish as usual even in such volatility. That said, I may look for an exit soon to lock in gains and jump in on another dip. Skipping the Mon/Tues dip of this week would have been huge, if anyone managed to pull that off!
MrJohnRoss
Well-known member
Does that mean you're staying in if it's a down day?
bmneveu
Well-known member
Well I watched the minutes tick by to the deadline this morning and never got out. I've been having trouble pulling the trigger lately. I'm also kicking myself for selling oil at $92~ (bought at $82~) and watching it tick up day by day to a high of $98 so far. I'm considering a short sell on it now but am inexperienced and wondering if anyone knows if seasonality is a factor?
I'm also quasi-forced to down a whole bottle of Korbel because my fiance didnt care for it after one sip. that's hardly a complaint though
I'm also quasi-forced to down a whole bottle of Korbel because my fiance didnt care for it after one sip. that's hardly a complaint though
RealMoneyIssues
Well-known member
It can be profitable, but you better be on the right side of the trade with those 3x leveraged ETFs... I have been on the wrong side quite a few times...
Be
Very
Careful
RealMoneyIssues
Well-known member
bmneveu
Well-known member
i said yesterday that i'd buy weakness this week and i still plan to, but i dont see today being the low of the week. if tomorrow we're lower than or around 11900 (about -120 from today's close) i'll jump in. i'll probably keep that target for wednesday as well. i dont remember the price that i got out at -- i should start keeping track of that..
anyone follow the NBA? im a diehard orlando magic fan, which makes me a diehard dwight howard fan. this organization will fall apart if he leaves us like shaq did. between that, PCSing to Georgia tomorrow and planning a January 14th wedding, my stress level has never been higher. I could use a few successful trades to calm me
anyone follow the NBA? im a diehard orlando magic fan, which makes me a diehard dwight howard fan. this organization will fall apart if he leaves us like shaq did. between that, PCSing to Georgia tomorrow and planning a January 14th wedding, my stress level has never been higher. I could use a few successful trades to calm me
