Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Mevis

To: Mevis who wrote (95697)	8/18/2017 8:35:08 PM
From: codfish23	1 Recommendation Read Replies (1) of 222170

Great question! I had one more limit order in, for 20 at 2442. If the market had not "broken down" again by 3;15 Eastern, I would have covered at whatever. Remember today was an options expiration day, coming off a massive selloff yesterday, which created a very oversold condition. I expected a bounce, but not a legit rally today. I was risking about 50% of yesterday's profits as long as I covered by 2445. I now expect a bigger bounce for early next week, but don't think we get another V bottom, so I expect that rally will also fail. Then again, I'm notoriously bad at predicting the market, which is why I rarely prognosticate

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