Is this the bottom?
- Thread starter ratmpower
- Start date
Bwahahahahahaha.
Look at a monthly chart.
Look at a monthly chart.
It's funny , some people still believe in rosy markets ,investing will never be the same , as it was a decade ago .you can get lucky here and there , but dont expect 5 dollar stocks going to 50 anytime soon.
I find such thought process very strange.
Here is a scenario. Assume S&P open at 1300 on January 1st, and on January 20th, it sits on say 1100. Now, if S&P rallies from 1100 to 1250 by the end of January, everyone is saying that the market has rallied 14% or so.
The same applies to the October rally, the market had dipped so much, we got a rally from that. We had a huge rally that made up for the huge fall in the market. Simple as that...
Here is a scenario. Assume S&P open at 1300 on January 1st, and on January 20th, it sits on say 1100. Now, if S&P rallies from 1100 to 1250 by the end of January, everyone is saying that the market has rallied 14% or so.
The same applies to the October rally, the market had dipped so much, we got a rally from that. We had a huge rally that made up for the huge fall in the market. Simple as that...
=============Quote from Wide Tailz:
Bwahahahahahaha.
Look at a monthly chart.
5 year weeklycandlechart on SPY is bearish/downtrending;
50 week moving average is bearish downtrending also
No,Mr org poster, the weekly/monthly low can go low/lower again;
$77 could easily be smashed/ go low/lower ,again. It has crashed lower before.
SPY looks like sideways slop for now ;
& Jan tend to be bullish, according to 2001 Stock Traders Almanac