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Posts Tagged ‘market plunge’

Ferocious rallies are the hallmark of bear markets.

No one knows until hindsight. I have noticed, however, that secondary indicators like the Svix.x, tick, trin, etc are helpful, but only a fool will call for a bottom without seeing sideways action and/or major capitulation first.

Let the talking heads on CNBC make their claims; for me the travel range offers unprecedented opportunities to make money in BOTH directions.

Remember Shawn and Nastia? Try to flow and be as flexible as they are when you are trading if you want to put the gold in your pocket.

Who cares if it is over or not; all we want to do is find the travel range, and catch a piece of the action.

Catching a falling safe, however, is another matter.

Trend traders will keep attacking the prevailing trend until it stops working. Jesse Livermore said it best; “The market is never too low to short or too high to buy.”

Play the trend until it stops working is my plan. how about you?

As Mark Twain would say, “The reports of my death are greatly exaggerated”.

 

bull chases bear

bull chases bear

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Do you remember the game of chutes and ladders?

It was a favorite of mine when I was a kid.

Sometimes a picture is worth a thousand words.

Learn to see the big picture.

Bear markets jump out the window, so you either take the leap of faith or miss the move. 

 

Chutes and ladders

Chutes and ladders

 

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Position trades that were initiated on Monday found their way home today after the FOMC excuse for the selloff.

There were many gyrations and range trades available until the market broke right before the announcement.

It looked like the insiders were already jumping in, as if the smart money knew something.

There is ony one way to play the break: jump in and join the winning team if you weren’t already short.

Now hindsight is everything, but being prepared by knowing the sequential lower (or higher) targets makes life easier for me as a trader.

You never know where the intraday trend will come to an end and reverse, but fading an intraday continuation move before seeing a formation occur is a high risk trade. Now and then the V bounce comes out of nowhere, but trading is about the summation of a number of trades, not just making one lucky guess.

Taking trades in the direction of the primary trend is safer and usually more profitable .

Peel ’em off as the market plunges and you attain the pre-determined lower rungs on the ladder according to the secret code of the Illuminati.

This trader is world renowned as sophisticated and savvy. I offer links like these for you as I believe the serious students who visit this site will want to explore a variety of options and to learn from the very best of the best.

 

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