buy this dip

Quote from stock_trad3r:

It is reasuring that there is atleast one poster with a few functioning braincells who is able to put things in perspective.
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Quote from stock_trad3r:

my worseless advice is to just go long some something.
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Quote from stock_trad3r:

max downside for dow 40 more points

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Quote from stock_trad3r


this is the bottom
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(market down 120 points at the time of this quote)
 
Whew...at least the hurting stopped the last hour of trading. I lost a spleen or something - just about maxed lev with ER2. When is that turd gonna turn around? Maybe I'll make it back tomorrow and them some. Looking for a bounce!:D
 
Quote from stupididiot:

Whew...at least the hurting stopped the last hour of trading. I lost a spleen or something - just about maxed lev with ER2. When is that turd gonna turn around? Maybe I'll make it back tomorrow and them some. Looking for a bounce!:D
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lol
 
17 point SP rally from the low to the close, over 1% was impressive. In the last few years rallies like that from the low have indicated a bottom.
 
Quote from stupididiot:

Whew...at least the hurting stopped the last hour of trading. I lost a spleen or something - just about maxed lev with ER2. When is that turd gonna turn around? Maybe I'll make it back tomorrow and them some. Looking for a bounce!:D
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Double down!
 
Quote from piezoe:

There is very strong support (trend line) for the S&P in the 1480 area. We will probably flap around there for a good bit before moving lower. I'd be shocked if the "correction" (using the word loosely) is over here, in spite of rooting and cheering from Wall Street and Talking Heads, because there is much worse economic news to come...

Wasn't this a nice day! Let's take it to the Bank!
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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.
 
I don't like to make calls, but if RUT doesn't hold 780, since it blew past 800, this is more than just a correction to around 760. 700 is highly possible if 780 fails. Free fall every 20 points. Happening since 840.

Even with the 06 correction, RUT hasn't moved this hard since down since 9/11 days.
 
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.
 
Its time to get back into the traditional safehaven stocks like CROX, AMZN, F, AAPL, BRLC, CFC and BIDU. These seem like the only stocks that will weather out this market correction.

Time to dump the super speculative stocks like Goldman Sucks, Caterpillar and Exxon.
 
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