Re-Testing old lows...back to Nov 24th...new target is 650 for the S&P

[LEAPup]

Quote from stock_trad3r:

6-9%? lol more like 2.9%..which isn't much historically. The recovery will be 'v' shapped like in the past.

No, this time, a recovery will not be "v" shaped. Sorry.

 

[MattF]

Quote from Ivanovich:

Who gives a shit if your silly gains are holding. Don't you get it? The market is heading lower. Day after day. If I had listened to you (fat chance) four days ago when you were screaming buy all over these forums, I'd be down what? You do the math, bozo.

Instead, I went and got some BGZ at 54.50, because you're one hell of a contrarian indicator.

maybe that's the real secret in all this

 

[stock_trad3r]

For some reason futures lower, but the volume is still light and there is still tons of support in the 8100-8400 range that wont be so easily broken.

stocks are still forming a base. this isn't a breakdown.

 

[PohPoh]

Quote from stock_trad3r:

For some reason futures lower, but the volume is still light and there is still tons of support in the 8100-8400 range that wont be so easily broken.

stocks are still forming a base. this isn't a breakdown.

THe breakdown happened 5000 points ago...
and crushed your 5000$ account...

 

[EMRGLOBAL]

640/650 is serious key support for the S&P. We have to break the lows of 08, first.

The news is far worse than what the "Gov" and Experts are spouting.

I think the word Depression will sink in as a Reality for two reasons. The media keeps hammering the point to the consumer. Thus, emotionally, the consumer will scale back far more than they have to. Second, the FED & GOV are not telling the full truth. When it comes out, Panic in the overall Markets will set in.

4th Quarter 08 was the start of the fall, not the decline. The next three quarters are gonna be bloody.

But Einstine said "In the middle of Difficulty lies opportunity".

R you ready?

 

[Ivanovich]

Quote from stock_trad3r:

For some reason futures lower,

Quote of the day.

 

[PohPoh]

Quote from Ivanovich:

Quote of the day.

Even better will be a few years from now when he's saying: "There's really good support at 0. No way we take out 0. The 0 level should hold."
<BLAM! self-inflicted gunshot wound to the head>

 

[stock_trad3r]

Never short the fed. ever. Ben says more weakness..slowdown..blah blah blah.
The most important statement from the fed is that more action needs to be taken, which means more stuff that bears hate such as stimulus, bailouts, tax cuts, etc.
These stimulus, bailouts, rate cuts, tax cuts, rebate checks, DO work which is why bears hate them.

 

[ElCubano]

Quote from PohPoh:

Even better will be a few years from now when he's saying: "There's really good support at 0. No way we take out 0. The 0 level should hold."
<BLAM! self-inflicted gunshot wound to the head>

or he might go short the house.....

 

[PohPoh]

Quote from stock_trad3r:

Never short the fed. ever. Ben says more weakness..slowdown..blah blah blah.
The most important statement from the fed is that more action needs to be taken, which means more stuff that bears hate such as stimulus, bailouts, tax cuts, etc.
These stimulus, bailouts, rate cuts, tax cuts, rebate checks, DO work which is why bears hate them.

You know nothing about economics, inflation or capitalism..
This statement should be saved forever to note the folly of your ways...
You are the world's biggest dipshit...