Returning to psychology.

Interesting, how the mood of trading blogs has changed. A month ago, optimistic forecasts were issued 1250-1300 on S&P500, and now they are screaming about the collapse again. The numbers are called 1150-900, I even saw somewhere 150-200 on the MICEX. The bulls shyly quieted down, shorts boast. People are trading their fantasies again, panicky this time, or practice a bearish attitude, want to prove, what were right. In my opinion, most likely targets of correction, this 1155 on S&P500, ~ 1300 on the MICEX, 140K for RTS futures. And I doubt, that there will be a sharp drop, rather a smooth decline in the emerging channel – it is already clearly visible on Russian indices and manifested itself on American. Yesterday I watched the recording of Elder's seminar – liked. Much similar to my trading style, market perception, even pleasantly surprised. True, he trades large frames.