Is tomorrow a black Friday?

Just an observation....this bounce has come on declining volume. Not the healthiest of signs.

Also keep in mind margin debt was at record highs. There is a lot of folks praying for that break even trade at this point.
 
Quote from Degenerate:

Just an observation....this bounce has come on declining volume. Not the healthiest of signs.

Also keep in mind margin debt was at record highs. There is a lot of folks praying for that break even trade at this point.
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I was thinking exactly the same thing... Volume is really drying up today and this is a very slow burning day... so slow it's even frustrating...

I think we've only just began to move down... the public is buying en masse if you read the papers because they stocks are cheap... but as far as contrary thinking goes this means the move is not sustained by the smart money (strong hands)...
 
mkt will recover and make gains for the yr. volatility can't stay high for long. all those funds dumping premium will take care of it and of any mkt cap losses. infact i got a long term tgt of 8 on the vix and further gains to come next yr for the mkt.
 
Quote from S2007S:

and can someone please move this market , IT IS STUCKKKKKK


NASDAQ UP 25 for the last 4 hours

DOW up 90-100 the last 4 hours.


But soon wait because the last hour and half is when the real ride begins. My prediction is that they run the markets up into the 4pm closing, asia opens on a positive not, job #'s come in perfect and before you know it the DOW is back at 12786 like nothing ever happened.

On the other hand 12,000 is coming.
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yep the real ride has begun!!!!
 
Quote from Degenerate:

Also keep in mind margin debt was at record highs. There is a lot of folks praying for that break even trade at this point.
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1. margin is calculated on both long AND short positions....
2. every long contract has a short contract against it

i.e. margin does not tell you much where the market is going - only that vol can potentially shoot up.....
 
i say sell it hard... even if it risises a few hundred more points keep selling it...

had a high volume move which broke the back of the uptrand. a retracement on lower volume. sell the bitch!!
 
Quote from markcuban:

i say sell it hard... even if it risises a few hundred more points keep selling it...

had a high volume move which broke the back of the uptrand. a retracement on lower volume. sell the bitch!!
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to increase short in this environment is simply stupid. That said some small protective short may come handy.
You may get away with it if you hit the number tomorrow (like <40k) but in the longer term when the most of the world grows north of 8% annually you are going to miss a lifetime opportunity...
 
Quote from markcuban:

i say sell it hard... even if it risises a few hundred more points keep selling it...

had a high volume move which broke the back of the uptrand. a retracement on lower volume. sell the bitch!!
More...

agree, I sold GOOG at 459.80 around 2PM and it kept falling rapidly right after my sell
 
also went short on XOM at 71.86 and bought it back at 71.52, can't take risk on oil, any sign of attack on Iran can send it to above 75$
 
Quote from UnFoRGiVeN:

Is tomorrow a black Friday?
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Sure it is. There have been "Black Monday" and "Black Thursday" threads so now the time is for the next one.
 
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