market selloff

doug456 · Jan 21, 2004

does anyone else here feel were in the beginning of a market selloff? after 8 weeks of gains, it just seems to me that the momentum has run out

lsudaytrade · Jan 21, 2004

I'm with you on this one.

I'm looking to scale in on my nq shorts.

Austrader28 · Jan 21, 2004

There probably will be lots of wideways movement for a while before any kind of sell off.

bullmarket79 · Jan 21, 2004

Well seasonally wouldnt we expect a sell off in march or april

Trader5287 · Jan 21, 2004

Yes, huge selloff coming. Still time to get short. Bubble has only gotten bigger over the last 8 weeks. Those of you with any money left - now's the time. I am absolutely certain you will be right soon. This nonsense can't go on longer than 8 weeks. That's just crazy retail running this market up - you're pros - nail em now.

Geo.

ig0r · Jan 21, 2004

Quote from Trader5287:

Yes, huge selloff coming. Still time to get short. Bubble has only gotten bigger over the last 8 weeks. Those of you with any money left - now's the time. I am absolutely certain you will be right soon. This nonsense can't go on longer than 8 weeks. That's just crazy retail running this market up - you're pros - nail em now.

Geo.

This shit is still going on, "absolutely certain"? Come on man, how can you be absolutely certain about anything, this is the market...

jem · Jan 21, 2004

geo was being sarcastic, the key was the "absolutely certain", "you pros" and the the smiling emoticon.

lindq · Jan 21, 2004

Quote from doug456:

does anyone else here feel were in the beginning of a market selloff? after 8 weeks of gains, it just seems to me that the momentum has run out

I count this as the 56th ET prediction of a market selloff in the last 90 days. Eventually...someone will be right and will experience what I call the Elaine Garzarelli phenom. One right call in 1987 and she is a hero for at least a decade.

Let's just hope and pray that it isn't Mr. Market. We'll never hear the end of it.

Get real. Have you seen the earnings numbers this week? Any softness is going to be met with new buying. And that is as it should be.

indahook · Jan 21, 2004

as long as traders think a top is in is as long as the mkt can go up...remember this "buying begets buying". Wait for the trend change to put out shorts....unless you have the cap to burn

ig0r · Jan 21, 2004

Quote from jem:

geo was being sarcastic, the key was the "absolutely certain", "you pros" and the the smiling emoticon.

Damn, I need more sleep