my bad athlonman, sorry for the early call, had to jump back on though. Like I said maybe not THE bottom but there will be violent upside rallies and hope we can get some momo here for a few weeks.
my stop on the q's here is 41.50, definitely heavy selling here so lets see. :) I'm not calling THE bottom, but I still think one will be put in today for the next few days or weeks
I was actually thinking about a swing trade till next week, my target is 44. Even though many will disagree I think this is capitulation, nothing major just a washout...
In my opinion go long here..this is a bottom, way washed out and oversold, big rally coming toward the end of day, institutions buying here. Buy qqqq's here at 42.
commodities were the only thing holding us up, they are starting to roll over, lookout baby, down we go, although I do wish we could put together a massive rally for a few days
it's definitely a sticky situation Bill, with the elections coming and pressure to stimulate the economy, think he has room to raise? I think they are pricing in a 75 point basis cut next meeting? Will that help? Probably not but it could cause a short squeeze.
I definitely watch out for those but there are so many people selling into strength, look at today, started out so so, then the sellers came and every short bounce was sold...easy to define trends once they start
this market is fairly simple to play, used to be buy on dips, now short on every bounce, otherwise its like trying to catch a falling knife. any thoughts? I would love to see us rally, but it looks like buyers just dissapear?