market washed out, going long here

Quote from S2007S:

Exactly right. Many think that once the market drops 20% from its peak that there is some sort of bottom in place. Look at the NIKKEI 225 back in 1989-1990, traded around 38,000, today: 12782, thats off about 65% from its high. I could see if the DOW was around 8500 or even 10k but 12k. The markets are (WERE) up over 100% in the last 5 years and people worry about 20% drop.
More...

shhhhhh we need these people to buy right now and fuel the fire which imo still has about 2-4 months to burn
 
Market is jumping alllll over the place, amazing, seems they want to push it higher but its not working, may push higher last 10 mins of trading.
 
Quote from S2007S:

Market is jumping alllll over the place, amazing, seems they want to push it higher but its not working, may push higher last 10 mins of trading.
More...


guess not


:p
 
Quote from snowbird123:

my bad athlonman, sorry for the early call, had to jump back on though. Like I said maybe not THE bottom but there will be violent upside rallies and hope we can get some momo here for a few weeks.
More...

Weeks?, lets hope this can last till 9:45 monday morning.
 
The Market will have Bear Trap rallies and will head higher for a day or a few but the BEAR MARKET and the down trend is in place.
Don't fight the tape.
When Citibank, Merrill, Morgan, etc finally come clean and fess up to their writeoffs then you might want to start bottom fishing.
Till then further downside risk for the markets.
Trade it accordingly.

Happy Trades:D
 
You must log in or register to reply here.
Back
Top