Stock Market Today - Intraday discussion - Page 3394  

in rig 50 puts @ 2.31.

I wouldn't be surprised to see us move up until the Fed announcement and then move down again unless they have some exceptionally surprising news, which is unlikely.

Truth what do u think about SNDK was gonna look to short this guy

Market flirting with green again. I'm glad I didn't short before, now have the opportunity for a good entry.

sndk is trading sideways right now. i wouldn't short that one, or you can wait till it breaks the 20ma to go short.

Bulls want a rally before the dump at EOD, where is fed?

This market just does what it wants. News has absolutely no effect on it whatsoever. LOL

TA runs markets, news just accelerates or slows down the trend.

I think the feds decision wont be what people want to hear,

market should turn down based on what they say blah blah

but the market will go up and everyone will get

The blackboxes run the markets. TA just gives retail investors a feeling of having a modicum of control. The news is just used to justify the manipulation.

I disagree. The government will see to it that the Fed feeds the sheeple exactly what they want to hear as they desperately try to retain an advantage in the House/Congress come November.

These are the kind of one-liners that have made this thread a complete joke...lately.

Good traders interpret price action; bad traders make predictions. Prove me wrong.

As part of my technical analysis I do interpret price action,

VERY bad housing news = market down a good amount

TA = we are going up because we hit support

wheres the market now? my point


Basically the market did what I said earlier.

Housing news made the markets go down, we went too far down, hit the point of turn, and now we are going up

Or the Rothschild

what do you mean the markets went too far down? it went from 10300 to 10250.. it was a 50 point move.. are we starting to call 50 point move on the dow "too far down" now?

Sometimes it's unclear as to where the market is heading next, but the market is never wrong! We'll know in the next couple weeks.

IT HIT THE 20 MA

Im done arguing here,

To those of you who have been doing this for 15+ years, have the markets always been this way? I mean, does it ignore news and just go where it wants quite often, or is this a recent phenomenon? It seems that for the past couple of years, news has had little bearing on the daily chart, even the weekly. Has it always been this way?

(Though I guess I know the answer to this already, since, wasn't it Jesse Livermore that said the market can stay irrational longer than you can stay solvent?)

I think McChrystal just got fired.

If anyone doesn't like that this is off topic, I don't care.

Just so I understand, because I want to learn from you and become a better trader...

The market always bounces at the 20ma, correct?