"A big crash tonight would also fit in well with Shanghai almost touching 5000 today and the Asian indices today all suggesting possible reversals."
Oh no ! What a disaster !
Anyway, I knew from your first post that you are probably a beginner with little more than a trading seminar under your belt, and than sooner or later you would gravitate towards the XJO thread.
As part of your compulsory XJO thread induction, you must read the following :
XJO thread : Glossary of terms -------------------------------------
#1 - I have just shorted the SPI = I have picked the intra-day low #2 - I have just gone long the SPI = I have picked the intra-day high #3 - I am out of my SPI trade = I have managed to contain my losses to half my trading account #4 - CMC are crooks = I have just had another losing trade #5.1 - The markets are rigged = The pros know their customers #5.2 - The markets are rigged = I have just closed my 357th consecutive losing trade #6 - The US market looks weak = The US market is headed for a record high close #7 - The US economy has had it = US GDP records greatest increase in a generation #8 - Most indicators are positive = The market is headed for a correction #9 - Most indicators are negative = Global markets rally #10.1 - I have a 99% successful trade record = I can tell what trades would have worked yesterday #10.2 - I have a 99% successful trade record = Monday’s expert #11 - This must surely be the market top = I enjoy using the cut & paste feature in MS Windows #12 - I have never seen this in my 35 years trading the markets = I completed a trading seminar last week #13.1- I am on the sidelines for now = I have completely missed the 30 year bull run #13.2- I am on the sidelines for now = I like to hide behind bushes and just watch, but I think I am going blind #14 - I have ClarkKent on ‘Ignore’ = Life is tough enough without having to deal with reality #15 - It could break out either way = Vague statements always win bragging rights in the post-mortem #16.1 - I trade for a living = I am in denial #16.2 - I trade for a living = I am unemployable #16.3 - I trade for a living = I am unable to compete in the mainstream of society #16.4 - I trade for a living = I am p1ssing away my home equity #17 - I keep reminding ClarkKent that I have him on ‘Ignore’ = It defeats the purpose, stup1d! #18 - It’s a sure thing = I have unerringly picked the *only* losing trade on the global markets today #19 - I have just subscribed to [insert favourite trading platform here] = I enjoy being a *Customer* #20 – I have retired from trading = I am too busy studying bus and train timetables #99 - I have NFI = I have NFI #NA – Ignorant newbie dribble #NA – This statement is financially insignificant and clearly off-topic for a stockmarket forum
(20min delay)