Can you smell that bear market rally

[flipflopper]

Quote from sobemark:

lots of traders on my desk are calling for a bounce ... but its tough to call ...

longer term ..its definitely going lower ...

There is some evidence for it. Strange mid morning strength. VIx down for the day. ADD holding steady. Flattening MA's on the 30 minute timeframe.

Essentially it looks like the downside is out of steam.

We still need to move and hold above the daily VWAP before the move is confirmed.

 

[S2007S]

Im bearish and believe there is a significany rally coming soon, back to 8000 is very reasonable, still waiting for the s&p touch new lows though.

 

[flipflopper]

ps. I'm not trying to convice myself of the trade. I have my stop in place.

This is just a trade till the eod.

 

[sobemark]

Quote from S2007S:

Im bearish and believe there is a significany rally coming soon, back to 8000 is very reasonable, still waiting for the s&p touch new lows though.

definitely can't rule it out s2000 ...

 

[flipflopper]

Just added... I LOVE averaging up!!

 

[PaulRon]

come on baby - up up and away

 

[flipflopper]

Wow... almost got shook out. Got to trail them stops... this market is a wild beast!!!!

 

[Stosh]

Just lost a few cooling tiles but no problem....should be leaving surly bonds of earth soon.

 

[flipflopper]

We need some well placed bullshit news to lite the fuse.

 

[MohdSalleh]

basically nothing is going on