Final Hour Approaching...

Quote from CalScholar:

Start your profit-taking engines...

Ready...

Set...

SELL!!!
More...


I would agree if we were sitting flat the last couple hours, but today I think the gains stay strong into the closing. cnbc will be cheering again that the dow is only 600 points away from a new record high and kudlow will praise goldilocks again.
 
Quote from S2007S:

I would agree if we were sitting flat the last couple hours, but today I think the gains stay strong into the closing. cnbc will be cheering again that the dow is only 600 points away from a new record high and kudlow will praise goldilocks again.
More...

I agree. In terms of analysis, here's mine from an alternate thread:

Quote from CalScholar:

The last hour will indeed be pivotal. But this is beginning to look like a bona fide rebound.

If the markets hold onto these gains through the final hour, then tomorrow will be key. Anything better than a standard profit-taking sell-off and the ball is back in the bull's court.
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Quote from CalScholar:

I agree. In terms of analysis, here's mine from an alternate thread:
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back in the bulls court???


I dont think a market has its correction in 4 days, yea we may trend higher, but there is no possible way the markets are off to new highs. ITs going to be a very volatile ride, wouldnt be suprised to see another triple digit gain tomorrow followed by a triple digit loss on Thursday.
 
I predict tommorrow DOW +20-50, S&P +4-10. The day after that....down similar amount.

Of course, this is based on zero research and is akin to saying, "I think the roulette wheel will land on red this time"
 
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