looking at volume of SPY and QQQQ, this selling is not on a lot of volume. it can as quickly bounce.

thanks for the post, this from the article

" The bottom line is the price action in the US stock markets continues to look very bearish despite the endless stream of Wall Street assurances to the contrary"

why would we need round the minute assurance from all levels of crooks in suits? if things are good, they should load up themselves, be quiet, and let the bears be slaughtered.

thank you very much for taking the time and also for thoughtful observations, much appreciated. I was just looking around to see if there were any ETFs that would specifically short biotechs? I myself could not find any, I think there is a very good chance of at least a pullback in the sector. sometimes nice short term moves happen in areas where no one really talks about. BBH looks like a huge top, with an inviting gap well below, it may work, it may not. So, is there any short Biotech ETFs?

thanks, so much, again

Does anyone know of any ETF that would short the biotech sector, I know of RXD, I am looking for something more concentrated on Biotechs

Thanks so much in advance

the ony difference between the first three and the monopoly money is that you are people are required, by law, to pay taxes in them, that creates the market

matt, it can be 1-2-i-ii down as well, wave possiblities in situations like this are good mental execise, but, can overwhelm some people. on lower time frames, I'll personally be focussing more on trend lines and oscillators and try to guage strength of swings, as you guys do, and wait till market tells me what waves I can eliminate with confidence.

One other thing is since high of august 11, on 60 min, we have had one lower high and 2 lower lows, SPX, if it wants to squeeze the bears,has to start making higher highs, and lowe lows. We may get the short term answer today or monday.

I was referring to your earlier post where it felt like I was being lectured about the terminolgy of gaps that can be found in every dime-a-dozen TA book

I 'rather make money by looking at price action, not prasing text book definitions

well this one got back in the gap, look at 15 minute chart

unloaded some SDS on trend line, holding on to QQQQ puts

Right at the beginning of the whole market funk, I had an idea that the best money was going to be made in casinos, do they ever pay?

if anyone's interested in an Elliot Wave count of WYNN, I can post one