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OK folks, ALL major indexes hit new lows already .... HEY !!!! This is the bottom ... BUY NOW !!! OOOPS wait .. it's lower now !!! This is the BOTTOM !!!! Buy NOW !!!! OOOOOOPSSSS ... It's lower now .. BUY NOW !!! THIS IS THE BOTTOM !!!!! Lundy, at the end I think you got what u...

I hear CNBC are projecting a TOP already :)

I'll just re-post this one here, so that u guys don't miss out. This is from another forum : "Take this : 1) The dollar hits a 27-month low against the EURO 2) Goldman Sachs cuts estimates on SEBL and IBM 3) Merrill Lynch sees Tobacco stocks much lower Bush better delivers his Middle...

HAHAHAHAH ... LOL I got this from another forum : --- Start of quote --- Take this : 1) The dollar hits a 27-month low against the EURO 2) Goldman Sachs cuts estimates on SEBL and IBM 3) Merrill Lynch sees Tobacco stocks much lower Bush better delivers his Middle East speech...

Lundy, back to u yet again ... Now why would a positive open today be considered a Buy signal ? Of course not because of what the "no brain" guy said about a weekend reversal, but rather because all major indexes closed few inches below the June 14 lows, and therefore, this is a support...

Dustin, Yes, markets will keep going lower until they force us to think otherwise.

Lundy, By the way, futurecurrents had already said the market had bottomed a week earlier (check previous messages on this thread) ... so I guess he had already screwed up ... that's why I believe he has no brain ... and when the market hits new lows in the days to come he would still be...

LOL ... I find it even more funny how losers get together ... sorry Lundy u got yourself into this .... Did u guys ever hear about : 1) Day traders ? 2) Swing Traders ? 3) Short-term Traders ? OK ... I love playing the teacher's role here :) 1) Day Traders : People who open and...

Just a quick thought ... any positive open tomorrow, is a Buy signal in my opinion ... but even if this happens ... it won't change a thing in the big picture ... doom & gloom will still be ahead ...

But this week has nothing to do with whether the DOW is crashing or not ... or whether the market has bottomed or not ... we may very possibly go up this week ... but the DOW could still be crashing and the bottom could still be much lower ... no ?

One thing I really hate about those comparison charts, is that they don't show you how the bear trend reversed ... did it suddenly turn up ? ... did we get a 50% rally ? did it move sideways ? and if so how long has it been going flat before turning up ? As far as TA is concerned, the end of...

Very nice post Lundy ... and thanks for sharing your thoughts ... and I truly think your thoughts needed further clarification ... and now that it's done ... let's see what happens next week ... Good Trading !

Puffy, You can't pre-assume that ! You need to give it at least 2 more trading days before confirming a bottom ... these are just shorts being covered before the weekend ... the S&P closed at 989 ... do u call that a rebound from 985 ? That is a close near last week's low at 982.20 ... let's...

Lundy, Who said go short ?????? You cover your shorts today ... You definitely don't go long .... And you wait for the next opportunity to go short AGAIN .. In bear trends, you ALWAYS go short ... In bull tends, you ALWAYS go long ... What kind of trend are we in ...

Lundy, yes yes yes ... we know all that .. but who said we're neutral ... mostly everybody here disagrees with u .. meaning they are not neutral ... I would say most traders shorted the market at the beginning of the week, and currently they're covering their shorts ... Now honestly, as...

Lundy, Trading has nothing to do with tops and bottoms ... they only serve to identify a trend and trade in its direction ... u buy when u get a buy signal ... u sell when u get a sell signal ... and the tools used to get those signal vary from trader to trader ... I think several people...

Newatthis, E*X*C*E*L*L*E*N*T post !

There's no such thing as "100% sure" in the market ... otherwise, it wouldn't have been called a market ...

hahahaha ... this is so funny ... we're down like 5% across the board in 3 days ... and we're still talking long ... shorts are being covered now dear ... u don't make 5 to 10% in 3 days and take it to the weekend ... see u next week :)

Did I hear anyone say this market has bottomed ???????? Go count your losses !!!! And you ain't seen nothing yet !