Mini black Friday

Quote from Brandonf:

Ask yourself that again in 6 months. That said there are stocks to buy. I bought MEAS three days ago and am happy with it, will add to it if it can clear todays highs. IRIS is another stock in a great sector showing good strength. If it can break higher I will buy it. The catch though is that I have a much bigger short position in the IWM because we have, even if stocktrader and mini dont like it, entered into a bearish phase in the market. (Note I did not say we are yet in a bear market) The big test is going to be when we retest the lows. If those can hold, then all the short bets will come off, if they cant we have a lot of downside in front of us.

Brandon
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mmm hmmm. Yes, I do like that short IWM part. Long to SPX if you have to , but certainly short the IWM.
 
No offense, but the recession is now REAL, and that's not good for business.

Just imagine if they hadn't added 122,000 jobs to the reported numbers. They added 15,000 construction and 4,000 manufacturing, and 11,000 Financial jobs. Talk about silly! That's a number misreported by at least 30,000, IMO. I think those adjustments should be negative, not positive.
 
2 years is long term for these hedge funds...these funds who run this market don't last long. they just take the retard investors money and play with it and burn it..look at those mortgage subprime 'investors'

these subprime mortgage hedge funds investors were 'insitutions' and investors of banks! those funds weren't even 3 year old and gone bust.


Quote from faure:

Since when is this a long term down market? The highs were less than two months ago.
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Recession: a sudden decrease in demand and immediate halt in buying.

for some stocks it's a complete halt in bids. no bids at all.


Quote from thriftybob:

No offense, but the recession is now REAL, and that's not good for business.

Just imagine if they hadn't added 122,000 jobs to the reported numbers. They added 15,000 construction and 4,000 manufacturing, and 11,000 Financial jobs. Talk about silly! That's a number misreported by at least 30,000, IMO. I think those adjustments should be negative, not positive.
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the bid is 67% of the ask price.


Quote from thriftybob:

No offense, but the recession is now REAL, and that's not good for business.

Just imagine if they hadn't added 122,000 jobs to the reported numbers. They added 15,000 construction and 4,000 manufacturing, and 11,000 Financial jobs. Talk about silly! That's a number misreported by at least 30,000, IMO. I think those adjustments should be negative, not positive.
More...
 
I am not a chicken little nor am I a proverbial optimist, but looking at the chart of the DJX , it looks like it may be a double H&S pattern which I remember reading about but can't remember anything else. The chart also shows me that the volume on this latest rally was a little low when compared to the last retracement.

Hey fellas how about adding some info here. If we get a close today @ current levels...have we confirmed the double H&S pattern or does it need a little more wiggle room? What am I missing?
 

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