the market action is very similar to 2000

N

NY_HOOD

in 2000 when stocks tanked,we'd get a few days of not stop bleeding followed by a few days up short covering that suckered everyone back in. then we would get days like yesterday and today with extreme volitility and bamm;more selling and new lows.
 
i dont know if the market is changing trend, but it is definiately wondering about it

not every severe chop means a change of trend, but nearly every change in trend is done with severe chop

fall 2002-spring 2003 was like that
 
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IMO we can run here, but I don't think we make new highs. My system got me long at the close yesterday, and I sold about 1/4 and am using trailing stops. The internals are still God awful, but it is vacation time, so the mkt may have a few more days in it. I'm waching oil right now. If it breaks 70 i'll sell it for a trade.
 
Quote from NY_HOOD:

in 2000 when stocks tanked,we'd get a few days of not stop bleeding followed by a few days up short covering that suckered everyone back in. then we would get days like yesterday and today with extreme volitility and bamm;more selling and new lows.
More...


the markets arent going lower..nope no way
 
Quote from frank grimes:

IMO we can run here, but I don't think we make new highs. My system got me long at the close yesterday, and I sold about 1/4 and am using trailing stops. The internals are still God awful, but it is vacation time, so the mkt may have a few more days in it. I'm waching oil right now. If it breaks 70 i'll sell it for a trade.
More...


internals were aweful yesterday, but they improved significantly today.
 
Quote from NY_HOOD:

in 2000 when stocks tanked,we'd get a few days of not stop bleeding followed by a few days up short covering that suckered everyone back in. then we would get days like yesterday and today with extreme volitility and bamm;more selling and new lows.
More...

You have no clue.
In 1998 the market dropped 13% in 21 days and that was IT.
Sound familiar?
 
kudlow's last statement: "homebuilders are going to recover at some point" wow is larry kudlow stocktrd3r? I'm not sure who to feel sorry for!
 
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