Good (Sunday) evening all.
1000 posts!!! Great stuff!!! Well done and thanks to everyone who has contributed to the thread!!!
I guess it's fitting that this 'milestone' has been reached because I can tell you that another 'milestone' HAD BETTER be reached tonight by all these officials that are having meeting after meeting and coming up with nothing concrete!!! Rumour has it that they really only have until the Asian markets open tonight to come up with something 'of note' otherwise we're going to continue to see these WILD swings. To be honest: it's the reason I've not been posting of late: I've been utterly speechless!!! I watched the Dow drop on Friday at the open and sat and watched it for the rest of the session in absolute AWE (and I know I was not the only one)!!! For what it's worth: the ONLY 'system' that appears to carry any 'weight' at the moment is Pivot Points (or RTS Levels) and even those get violated most times on the first penetration. Having said that though: one thing that is GLARINGLY obvious is the fact that me trying to be a 'long only shop' has been a very big mistake at this time. If you take a good look at the Dow, Nasdaq, and S&P, as well as at those currencies that have a very high correlation to those indices there was HUMUNGOUS profit to be made by being short on those instruments using the VSC(1) or the SIS (or EVEN the DMS although I think that IF or when things turn around the DMS will 'allow' for a lot of profits to be 'eaten away' before reaching the SAR point). So no: things are NOT going too well at the moment and I'm going through one of those 'I want to kick myself' periods. I SHOULD have been short all these things but was not not so maybe it's time to rethink this 'long only' 'strategy' because all it's done is cost me money and time (not to mention just how frustrating it is to watch these things 'tank' and knowing that you could have made a whole lot more than the 'scraps' off of the odd Pivot Point (RTS) 'bounce'). I suppose the only 'positive' is the fact that 'what goes down must go up' although in this scenario I don't believe things are going to 'go up' with the same 'fervor' as they went down!!! And so much for my 'Delta Phenomenon' 'predicitions' (at the moment anyway) i.e. the Dow settled at around 8 443 on Friday so we're already WAY past my 'Dow prophecy'!!! On the other hand: it COULD rally tomorrow and the next day and then close at my 'predicted' level on Tuesday. Should be interesting to see (well for me anyway). The BIG problem of course is that if this DOES happen: THEN where are we going??? I'll tell you this: if there are no announcements by all of the politicians tonight we're going to find out soon enough!!!
That said: there are loads of long trades on their way I reckon so don't miss them.
Have a great week!!!
|