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No worries, we'll be right back up to ATH in no time. By the end of the year, we'll have doubled the profit from the start of the year. S&P will be trading at 8000 and everybody will sing kumbaya. The sun will never go down and greed will be your ticket to paradise. :finger:

If we can cross above 2370, I think there's a good chance we rip higher.

Why didn't you tell me that sooner? :fistbump::D

Long 2334.50 St 2328

If we can clear above 2403 (today's open), I'm hopeful we'll head higher. Until then, all bets are off.

Oh, how dare you? :D

@Laissez Faire -- BTW, to clear up any misunderstanding, this wasn't meant for you. Your calls are pretty spot on.

Oh, wow, just found out Windows 10 has its own emojis? Press the Windows key + period (.) ❤ But where's that "middle-finger" emoji?? Edit: Unfortunately, it ain't showing up. LOL

Then there are those who keep making the same crappy calls almost daily. o_O And I just got stopped out. :mad:

Long 2347 St 2339 Pt ?? (will update later)

All valid points. But let's remember that America today is not the America of the Reagan era. We've become so dependent on cheap products coming from abroad, I doubt we will be able to adapt if the rug was pulled from under our feet. Also the whole mentality has changed with the emergence of the...

Actually, this is good. We closed with a "pipe" formation (2 consecutive long tails), which is a reversal sign.

You people need to grow up! :fistbump::confused:

As long as we can close above yesterday, I'm sure we will head higher tomorrow and likely into next week. This market needs to cool off a bit before deciding where to go. That said, man, I used to think the past 11 years of nonstop buying frenzy was downright idiotic. This past month's panic...

That's the problem with chops. You never quite know you're in one until it's too late. That's why it sucks.

No it ain't, I've been there and done that.

Okay, but here's the rub. I dunno how old you are but back in the 70s and 80s when everything on the store shelves were "Made in America", prices were pretty expensive. People didn't have the financial means to splurge as they do now. It's through cheap labor from countries like China (and...

Two long back-to-back tails on the daily chart. I expect this to be a temporary bottom. Hopefully it won't turn into a 6-month aimless chop as was the case in the 2000 bear market.

What makes you think it will "bounce off" rather than swoon, which has been the case with recent limit downs?

One thing I've learned so far from this bear market is that market timing does NOT work. It never seems to run out of surprises.