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Week ends RED

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Oom_Boom
Frequent Contributor
Two weeks ago every man and his dog was calling the top of the market and the arrival of the BEAR. We have had 3 days solid red and no one is calling the Bears...where has everyone gone?
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20 REPLIES 20
kwagga
Super Contributor
Well, either this is the correction we've been waiting for, or it's just a little taste of things to come.
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Happy
Contributor
If you went short 2 weeks ago you will be fresh out of money, so none of the bears are around to call it tops.
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WES
Super Contributor
Just a little taste, we still above 50,000. Couple of weeks ago we never thought we would break 50,000. Perceptions change with time.
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Happy
Contributor
Er Oom, its not Friday yet, are you sure the week will end RED?
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Preston
Super Contributor
This market is exhausted!!!!!!!!!!!!!!!
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Preston
Super Contributor
This market is exhausted!!!!!!!!!!!!!!!
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Not applicable
I think its traders psychi to call tops when things go up, and call bottoms when things go down....the ironic part is (and Ive heard this from other traders) that when things do start going down they cant short, or when they do start going up they cant go long....its like all new traders are initiated as contrarian traders and then eventually move over to trend followers. just an observation.
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Oom_Boom
Frequent Contributor
Well spotted Happy! I am going on holiday tommorrow....so technically it is the end of the week for me!
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Oom_Boom
Frequent Contributor
Denail isn't really an emotion but it is stronger than any emotion we have, thus we look at a chart and declare 'this can't be right' and refuse to trade with the trend.
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Preston
Super Contributor
@kwagga, this is just smoke....volumes are extremely light...
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Rams
Super Contributor
2 gaps to close on 15 min ALSI.....both gaps will close today.
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Frogg
Frequent Contributor
Do you think gap down will close
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Frogg
Frequent Contributor
Do you think gap down will close
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Frogg
Frequent Contributor
Do you think gap down will close
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Rams
Super Contributor
top gap almost closing....maybe with US open,bottom can close...need to get to about 45755(as at 13H00) first...at the moment happy to be long
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Frogg
Frequent Contributor
Let's see gap close
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Rams
Super Contributor
getting back to 45926 may not see gap close
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Frogg
Frequent Contributor
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Rams
Super Contributor
closed long at 45960
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