Stocks slump with bad economic data.
Volatility increase as market is transitioning from fear to panic.
Banks sank after reporting earnings while a drop in retail sales fuel the concern about the economy.
The spread of Ebola has started to affect investor psychology, contributing to a decline in U.S. airline stocks.
The S&P 500 had its worst intraday retreat since 2011.
The calendar for tomorrow is shaped by a few economic events and information but most probably will not bring much needed changes.
I said last week it would be war or Ebola used to bring the markets down. Maybe they're saving Ebola for October.
Wouldnt like to be buying airline stocks today.
"..becoming the first person to board a passenger jet and unknowingly bring the disease here from West Africa.."
http://www.washingtonpost.com/natio...90947e-48f3-11e4-a046-120a8a855cca_story.html
You are sooo far behind the curve with this stuff, its too late to make money from it.
From 25th Sep.
From 1st Oct.
This is nothing more than the usual October selloff before the santa rally.
Happens every year, and they dream up a new excuse each time.
Switch your TV off !
Pulled back more than I thought it would
Called the bottom to within 5 points. 15860 long entry. Dow low 15,855.12
First chart is all I had to go on, 15860 and 16100.
2nd is the close up circled when I called long. It did dip slightly lower just afterwards.
There's really very little support below until 15,300.
Are you thinking 15300 over the next couple of weeks......would be good to see.
Funny, look at a chart of the DOW over the last 5 years and how far it's come........long way up...........all on free cash.
closed at 8590 +15
closed at 8568 +15
closed at 8568 +15
It's just a short time style - possibly not to everyone's liking
Theres 2 ways of looking at this.
1. Its practically all over bar the shouting. (Trend line)
2. Dow fell 700 points in 5 days and could do it again. (Horizontal support)
So all over within 2 weeks is my guess, then I wonder what will happen :whistling
Lets just take money day by day, from the people who watch Bloomberg.
http://www.bloomberg.com/news/2014-...nal-losses-as-dollar-holds-drop-with-oil.html
A good example of confusing news
oil falls but stocks go higher - whom are they kidding, certainly not the market and profitable traders
I wander if it is worth at all to read Bloomberg
Shorting DAX from the round number 603 SL 10 pips PT 30
long dax at 8561
closed at 8568 +25
Playing the short term extensions, with and against main trend.Thanks - I'm just using this choppiness for opposite trades.
Dow is at support 16065.
I'd be wary of further downside just yet.