buy this dip

[Bearbelly]

Quote from frank grimes:

Stock, sorry it took me a while to respond to you're asinine comment about a rate cut, but here goes. There are 3 guarantees in life: 1) death, 2) taxes and 3) there will be no rate cut for the foreseeable future. When equities tank there is a little thing called "flight to quality". Not that treasuries have all that much quality anymore, with the dollar getting crushed day after day, but that is what happened. The fed cannot cut rates, if they do, you can kiss our dollar goodbye, which in turn will bring on MUCH HIGHER rates. Sorry to burst you're bubble, but eventually you may understand how the markets work.

Do you know a book or site that gives a decent explantion of the relationship between bonds, equities, rates and the dollar?

 

[Landis82]

Quote from Cache Landing:

There is actually a technician here. 1480 is very critical. Doesn't really matter if SPX fluctuates below on a 5 min chart. Looking for confirmation of a break down through that support. It will likely take a couple days for that to happen, but a selloff into the close tomorrow would be a pretty good indication.

Care to illustrate why 1480 is "key" for you?

 

[Thunderdog]

Quote from Landis82:

...I wonder if potential advertisers ACTUALLY LOOK at what is being posted here, before they pay for ads that they place on ET...

Actually, I would think they'd be encouraged. If you were looking to sell an overpriced product of dubious utility to an unassuming market, could you ask for a better audience?

 

[Landis82]

Quote from Thunderdog:

Actually, I would think they'd be encouraged. If you were looking to sell an overpriced product of dubious utility to an unassuming market, could you ask for a better audience?

Great point!

 

[Landis82]

Quote from Cache Landing:

There is actually a technician here. 1480 is very critical. Doesn't really matter if SPX fluctuates below on a 5 min chart. Looking for confirmation of a break down through that support. It will likely take a couple days for that to happen, but a selloff into the close tomorrow would be a pretty good indication.

There is nothing critical at all about the 1480 SPX level.
Try 1452.88 which is the 40 WEEK MA.

 

[pumpanddumper]

Who bought at DDM at 3:59?

If you are still bullish for a bounce Monday in DOW...good deal.... I pussied out.

 

[Quark]

Quote from Thunderdog: Actually, I would think they'd be encouraged. If you were looking to sell an overpriced product of dubious utility to an unassuming market, could you ask for a better audience?

Boy, that's a no-shitter! ET is Suckerville for that can't miss system!