Question for swing traders

[contrary]

Is today the beginning of the next leg down? Or a buying opportunity?

 

[IronFist]

Wouldn't that depend on the stocks that you're looking at?

 

[loik]

What do yoy mean by "the next leg down", SP < 1255?

 

[contrary]

Fist: I mean the stock market in general.

loik: yeah re-testing March lows.

 

[loik]

Quote from contrary:

Fist: I mean the stock market in general.

loik: yeah re-testing March lows.

Bouncing off, or continue down?

 

[JoeF716]

can't really judge by one days move..

the dow is moving towards neutral mode while the nasdaq and s&p are still intermediate bullish making higher highs and higher lows. all you can do is play what you see..play the current swing

 

[retire45]

If the next bounce (probably starts tomorrow) doesn't make new highs then beginning of new Downtrend... For now buy the bounce or do nothing...