we have to work off this oversold condition....
http://decisionpoint.com/servlet/SharpChartv05.ServletDriver?chart=!mcosirnas,uu[618,165]dklannac[pa!a!a!a!a0][ddx][c!!!!A5CEF7!000000!!000000]
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Black Monday
- Thread starter Trendytrader
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we have to work off this oversold condition....
http://decisionpoint.com/servlet/SharpChartv05.ServletDriver?chart=!mcosirnas,uu[618,165]dklannac[pa!a!a!a!a0][ddx][c!!!!A5CEF7!000000!!000000]
Quote from S2007S:
Tomorrow is going to be an all green event.
That is truth. You can see it already. Tommorrow is buy any attempt at a run to the weekly low and from there it may grind higher for awhile until again the music stops and somebody's lookin' for a seat.. and guess what everybody glances at each other with that knowing look... SELL!!!!... quite a few people get trampled by the elephants racing for the exits, AGAIN....
Quote from duard:
That is truth. You can see it already. Tommorrow is buy any attempt at a run to the weekly low and from there it may grind higher for awhile until again the music stops and somebody's lookin' for a seat.. and guess what everybody glances at each other with that knowing look... SELL!!!!... quite a few people get trampled by the elephants racing for the exits, AGAIN....
Tomorrow I think will be one of those days where the markets trend higher throughout the day. Could easily see triple digit gains for the Dow and nasdaq a 30-40 point gain. Russel will be good for a 10-15 point gain. Investors will be relieved that just maybe this correction is over with.
But I will think no way can a market correct within 5 days and move on like nothing ever happened.
time 2 buy is now
who cares if the market goes up or down 40 points from here
there is no reason not to buy
if your kinda a loser you can sit on the sidelines and do nothing and then watch as the markets make a full recovery in the next 2-4 months
your loss
who cares if the market goes up or down 40 points from here
there is no reason not to buy
if your kinda a loser you can sit on the sidelines and do nothing and then watch as the markets make a full recovery in the next 2-4 months
your loss
Sidelines gives you 5% annual return with no volatility. That's 0.41% a month, 0.82% in two months, guaranteed. I don't think you can rule out that cash can outperform the SP500 from here on for a few weeks/months. I'll take that until the smoke clears and there are sound technical signals in the indexes that give the bias to the longs.Quote from stock_trad3r:
if your kinda a loser you can sit on the sidelines and do nothing and then watch as the markets make a full recovery in the next 2-4 months
Right now, a lot of capital is still trapped on the long side feeling like a rat in a cage, waiting to get out. Rallies will be sold.
Quote from makloda:
Sidelines gives you 5% annual return with no volatility. That's 0.41% a month, 0.82% in two months, guaranteed. I don't think you can rule out that cash can outperform the SP500 from here on for a few weeks/months. I'll take that until the smoke clears and there are sound technical signals in the indexes that give the bias to the longs.
Right now, a lot of capital is still trapped on the long side feeling like a rat in a cage, waiting to get out. Rallies will be sold.
makloda, I completely agree with you.
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