Stock market collapse in October

[Money Money Money]

I tried to share M.M.M., but I cant hear myself above SASguru's egotistical shouting.

HTH

[sasguru]

I tried to share M.M.M., but I cant hear myself above SASguru's egotistical shouting.

rationalism that I don't want to hear, hence why I'm going "La la la".

All I've stated, Mr Claus, is that I believe that the market is random on a daily basis, and that most day traders fool themselves and lose money in the long run.
Instead of slagging me off it would be quite good if you provided some evidence for why you think the market is NOT random.
Your results so far seem to be making my case not yours, would you not agree?

[SantaClaus]

HTH

Thanks, sadguru is on my ignore list now.

On the subject of the FTSE, it formed a triple top that started around the 14th October. The trend is clearly down, we had a huge drop yesterday.
One good economic announcement will not turn this around.

Therefore I would sell rallies.

[sasguru]

Thanks, sadguru is on my ignore list now.

Yes that would be rational.

[PM-Junkie]

When I said "wanna bet?" It was a joke as in "surley thats kind of what we're doing anyway!" hense the rolling laughter!

I really haven't got a clue about any of this, i've said that from day one, if anyone does know then great share it with us, it's not as if it will make any difference to your trades.

If you prefer not to then thats fair enough.

....just because you are honest and admit that you don't know, don't make the mistake of thinking that others here do. And whatever you do, do not take financial advice from people on a forum - especially this one. When it comes to economics and finance, if you can see through some of the laughable claims here and assume that nobody has the faintest idea what they are talking about, then you won't go far wrong.

Think of it like sex when you were a teenager - the kids who used to brag about their prowess with girls (or boys) probably wouldn't have the first clue what to do if they were actually confronted member of the opposite sex who did actually want to paddle in the love canoe. This is a similar concept....

[Money Money Money]

Thanks, sadguru is on my ignore list now.

On the subject of the FTSE, it formed a triple top that started around the 14th October. The trend is clearly down, we had a huge drop yesterday.
One good economic announcement will not turn this around.

Therefore I would sell rallies.

Rallies?

[DimPrawn]

....just because you are honest and admit that you don't know, don't make the mistake of thinking that others here do. And whatever you do, do not take financial advice from people on a forum - especially this one. When it comes to economics and finance, if you can see through some of the laughable claims here and assume that nobody has the faintest idea what they are talking about, then you won't go far wrong.

Think of it like sex when you were a teenager - the kids who used to brag about their prowess with girls (or boys) probably wouldn't have the first clue what to do if they were actually confronted member of the opposite sex who did actually want to paddle in the love canoe. This is a similar concept....

WHS.

Buy buy buy!

[sasguru]

WHS.

Buy buy buy!

Stop quoting people on my ignore list even if they make sense

[sasguru]

Rallies?

Small bounces - problem is no one knows if they turn out to be small or not.

[SantaClaus]

Rallies?

If you are selling, wait for price to come up to a previous level of resistance, and then sell.
Most retail traders are scared of selling into a bullish candle, but that is exactly how to trade.

Support and Resistance Basics