Now is the time 2 buy

[dealer]

Quote from dealer:

The only positive I see in equities right now is that the US indices are a ways above last weeks lows. Dow getting close but still above for now.

If we break the lows then it will get ugly.....When was the last time US index futures broke the prior week low? 'been a while...

Watch the VIX. Getting awefully close to 15 and at 1mth+ highs...

 

[Longhorns]

Quote from stock_trad3r:

Your safest, easiest bet would be DDM

Why aren't you buying it?

 

[SiSePuede!]

Quote from dealer:

Watch the VIX. Getting awefully close to 15 and at 1mth+ highs...

Not close enough, I have some July Calls on the VIX I'm slightly underwater with and will soon be able to sell for a profit. If not today, then probably tomorrow.

The market looks very ill here. Morgan Stanley saying they're getting huge sell signals don't help and it's likely the Fed's tone will change with the next meeting.

 

[ElCubano]

Quote from SiSePuede!:


Morgan Stanley saying they're getting huge sell signals don't help

it only helps them get in cheaper...like uve said in the past ( it might not have been you )..the market is going to go where it wants, path of least resistance...i dont care what mr. stanley himself has to say

 

[diligent]

now this is balls right here right now if you are doing it.

 

[dealer]

Last weeks low being tested in dow futures....

 

[stock_trad3r]

Way oversold

we'll see what happens but I think the trap is being set for entering shorts

bfft

 

[dealer]

Quote from stock_trad3r:

Way oversold

Maybe. But define "way oversold".

 

[makloda]

Quote from stock_trad3r:
Way oversold

Can always become more oversold

 

[Longhorns]

Quote from stock_trad3r:

Way oversold

we'll see what happens but I think the trap is being set for entering shorts

But you're not "buying this dip", right?

Just want to be sure so we don't get flooded with 12 more "Free money for all dip buyers" threads if the market bounces.