Ha ha ha ha ha, ROFLMAO

MikeH

Thanks, I needed a laugh this morning. Sigh....

Oh come on guys, it's still early....

Signed
The eternal optimist
till my death

Love it Jeff!

Were you referring to my account or some other cosmic event????

Gary
Boston

I think he was referring to my account this morning.

I only love gaps up and down when I'm in them.

...I second the sigh...

liz
pasadena

Why are you guys so upset? Why were you so bullish when there were so many technical indications that there was a possible top approaching? When the trend slows down...scale back on your bullish positions. The markets may run up again but don't just be so blind to what's going on.

Joe

From the highs a few days ago to today's lows, we've had EXACTLY 2% shaved off the Dow and S&P. Forgive me, but i think the weak hands are being shaken out before the next leg up.

when was the last time the Dow was down 5 day in a row........... Run

Danny DR
Mo-town Calif.

Keep your eyes on the VIX today. it initially looked like breakout city to the upside, but since then, it's working its way back down. if it can close below 12.40 or so, that could signal a nice upward bounce.

REMEMBER TO KEEP YOUR HEADS IN THIS ENVIRONMENT.

Can anyone explain what happened to PCP? The chart shows it traded at .01.

Amy

I use mental stops and I had a few good runners that now became mush to the point where it has not hit my initial stop. This is where its hard it brings back memories of May. Would you wait untill it hits your stop or close out your trade now while your not that behind? What do you guys and gals think?

Daniel,

only you can decide, but be consistent. for me, i'm waiting until the end of the day before i do anything.

Now I understand why options are so risky. Every single one of my trades gapped waaaaaay lower triggering my stop losses. My account is down 50% as of this morning. I don't think I can do this anymore.

Let's list some of the technical indicators that should have tipped us all off that a top was close. I would love to see what I did not see.

Mark

Now that the Chinese market has plummeted... I would say FXI has finally REALLY broken out of it's symmetrical triangle. What do you think? It looks like it might be at a resistance point at the moment but maybe 15 to 18 points in a few months?

liz
pasadena

I sure feel everyone's pain. I think the best lesson I will learn from this is that one ay to diversify is by having both bearish and bullish trades at the same time. Jeff often says it.

I nearly entered a couple of bearish set ups recently but didn't because I was expecting the bounce up in the market.

Days like today are hard. Now the question is this really the top? Remember Nov 27th the DOW lost over 100 points and subsequently rallied to where we are today.

Brent
San Antonio, TX

yes Jeff, looks like a wakeup call.

Since Jeff's not here yet, here's today's watchlist:

http://people.lulu.com/storage/users/726/189726/images/25762/graveyard%20too.jpg

Like many comments in here, opening hit hard, and after fighting the emotions....recouped over 50% of the losses and am back within tolerance of my stop out points...

As Brett said and I will concur, look to the close. Remember, FEAR and GREED - what do you think we are seeing now?

Brett,

what is this link?

Grave site watch list lol.. lets see what the market brings I will wait till the close. Im not sure about you guys but my best winners are always when the market is going down!

Danny DR