Jester I dont think you would think it was a rigged computer game if you were making money. Just look around if u wanna make money follow the lead of others who have suceeded. Traders who get all caught up in emotion will NOT succeed. I dont know about you but I think Warren Buffet is on to something. Follow his lead, he made investing a lot easier and less painfull, to those who are willing to follow his investing guidelines.
Exactly....looking at the SPX 5yr chart...we broke into some new unchartered territory and next support is 1220-1237 on the S&P. That could definitely be down to the May '06 value of 11,300 on the DOW if we have to. The more it falls, the healthier it is on the rebound with a stronger coil upward. Serious YELLOW flag here as far as any BUYS in here. The VIX is due to have a serious leg up next week...and if earnings dont hold next week...LOOK OUT BELOW!
Im looking for more panic, we need that high volume panic dip. Then its a good time to get greedy. Im gonna try and set buy points 4-5 hundred points lower than previous close. The volitility is there I think were due.