Poll: What's your take on today's rally?

What's your take on today's rally?

  • Dead cat bounce

    Votes: 53 71.6%

  • The start of another bull run

    Votes: 21 28.4%
  • Total voters
    74
My take is just like what i said last week: Dont sell when in a panic..... eventually you can get out at a better price if you keep your wits about you.

DOW will rally much more before week is over!
 
Quote from lilduckling:

My take is just like what i said last week: Dont sell when in a panic..... eventually you can get out at a better price if you keep your wits about you.

DOW will rally much more before week is over!
More...

But you never know how deep a selloff can get.
 
From what I have seen in the past buying dips for a long term investment is nearly a guarantee profit, especially when buying the sector ETFs like SPY, DIA, and QQQQ.

IS this the dip before the next run, I think its still too early to tell. Many talking heads will say this is what the market needed to wash out those bears and start heading higher once again, I disagree. The markets could easily run another 2-4% before the next leg down and catch many off guard. I got caught up on the long side trying to buy the dips last June and it cost me alot. I would be waiting this one out until the market at least makes an 8-10% dip.

And dont be surprised to wake up tomorrow and see the futures off .5-1%.
 
Quote from a529612:

But you never know how deep a selloff can get.
More...

True... you dont, but you do know that threres always a rebound, big or small, but a rebound never theless. We all study it. (retracements, dead cats .. etc)

Because of extreme fear and greed, it never goes down in a constant tempo.
 
You must log in or register to reply here.
Back
Top