Setting up for another drop?

[rc5781]

tomorrow?

 

[MrDODGE]

I am going to take a guess and say that we go up tomorrow assuming no really negative news.

 

[stock_trad3r]

market seems to have rebounded off May lows with some conviction

 

[Aaron Copland]

These markets are going no were fast. Just bopping around to keep the commish comming in.

Sideways with a slight bias to the down side. Shorts cover fast, longs take profits fast. That keeps us in this going no were pattern.

The SP500 stays in its 1370-1420 range. The Dow 12000-13000 their abouts.

After the election we head much lower.

 

[stock_trad3r]

Quote from Aaron Copland:



After the election we head much lower.

A surefire short?

 

[MrDODGE]

Quote from stock_trad3r:

A surefire short?

Yep, especially if Obama becomes president

 

[makloda]

I'm in the sideways camp myself. If unemployment doesn't explode to the upside (Friday will be another good datapoint) and crude oil prices at least go sideways for a while I wouldn't rule out much higher equity prices by year end.