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Re: Myself °¿° post# 33304

Monday, 12/01/2008 6:43:20 PM

Monday, December 01, 2008 6:43:20 PM

Post# of 76351
To All, i was asked on another board to also post cndn mrkts, TSX= sorry no can do, DrBob is expert.
(note DrBob is very sick, causing blindness)

i can not even keep up with US mrkts anymore with this Volatility, it takes 2hrs sometimes 4hrs nightly, try as i might, i still make 30% bad calls on US with this wild action, not good but i am still beating a high percent of pros that write rags and charge for them. (mine i call a rag too)

i am calling it every day, near impossible in this Volatility, some of action these days is a whim of one or two large players, and a few jump in and add on, all of a sudden, whammo.

the only play is a day trade, and you must be glued to the tube. not worth it for me, too hard on the nerves except a few times now a week for a couple of hours. overnight trades are like roulette in here, not quite 35 to 1, but you really are starting with 3 to 1 against winning, and if your a weak player, you lose.

like today, in a normal mrkt the 1st level of down would hold, but here we are far below that 1st heavy resistance area, a move made on Low Volume. The drop was because the US mrkts had no Buyers.

Then in the middle of it all the Politicians who know nothing more than we do or less about the markets, they open their mouths and all hell breaks, and usually further biased by CNBC talking heads, good luck, on these humorless days.

then after that, no one thought the markets will now hold,

just look at the VIX Action this afternoon from 3pm to close.

VIX Jumped up on volume in the Dec Options.


======================================================
so you get a perspective on my own trading

in good trading times like March 2008 to May 2008
i was using 100% monies for trading.

Now i am
52% CDs all over 5% to 5 1/2% returns, guaranteed by FDIC
33% Bonds (treasuries and corporate) all good returns
15% Trading moneys all were Flat by Friday

All my epistles warn on Trading in this market.
i expect the markets to be bad throughout


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