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TF thread (Russell 2000) ... anything goes
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TF thread (Russell 2000) ... anything goes

  #1091 (permalink)
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Looks like we have unfinished business at 13.8
... aside from that, wondering how many times we are going to bounce off 1400.. Have to think it will be breached.

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  #1092 (permalink)
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kbit View Post
Looks like we have unfinished business at 13.8
... aside from that, wondering how many times we are going to bounce off 1400.. Have to think it will be breached.

Expecting 13.8 some time monday, will be looking for next trade some time after that happens

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  #1093 (permalink)
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kbit View Post
Looks like we have unfinished business at 13.8
... aside from that, wondering how many times we are going to bounce off 1400.. Have to think it will be breached.

That's taken care of, trying to figure next move

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  #1094 (permalink)
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I guess I'm more prescient than I thought...1400 in the dust. From the looks of things, I'm thinking to favor the short side until we get to 1350 and then reassess.

That said, I know everyone says the reason for the drop is the Korean pissing contest but, I think it's in no small part due to the fact that the average Joes out there are opening brokerage accounts like crazy these days.
You know how it works in terms of the masses jumping on board and the big guys happily sell into them.

I read a couple articles recently regarding the jump in new accounts and know what's coming...We finally might get a ten percent drop or so before it's over. The suckers will keep on buying and get buried.

Maybe not, maybe I'm dreaming but a significant drop is way overdue in my estimation.

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  #1095 (permalink)
Market Wizard
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kbit View Post
...

Maybe not, maybe I'm dreaming but a significant drop is way overdue in my estimation.

Is it not what the gambler thinks after seeing a run of 10 red at roulette? Black is due my friend

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  #1096 (permalink)
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kbit View Post
I guess I'm more prescient than I thought...1400 in the dust. From the looks of things, I'm thinking to favor the short side until we get to 1350 and then reassess.

That said, I know everyone says the reason for the drop is the Korean pissing contest but, I think it's in no small part due to the fact that the average Joes out there are opening brokerage accounts like crazy these days.
You know how it works in terms of the masses jumping on board and the big guys happily sell into them.

I read a couple articles recently regarding the jump in new accounts and know what's coming...We finally might get a ten percent drop or so before it's over. The suckers will keep on buying and get buried.

Maybe not, maybe I'm dreaming but a significant drop is way overdue in my estimation.

Trying to figure where we go from here. Thinking 1300 may be in the cards...so favoring the short side still.
The 64 area interests me so will be watching there, though we may not get that high before it resumes...blah blah blah

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