tonight most markets are down, it may look like the bear has come back to play, however I have this feeling that this is just one of those short term dips that people will buy and within a couple of weeks the DOW is sitting at new highs waiting to break 13,000. As many of you know already, I'm bearish but I think its going to take more than a sell off of 150+ points on the DOW to show that the top is in. The nasdaq and russel 2000 are still showing plenty of strength. If the the nasdaq breaks down once again and starts to sell off below 2450 the game is over for now. Watch the emerging markets, if those break down than there will be a real problem.
The Market Down 200 Points This Week?
- Thread starter wallstreetwhale
- Start date
DJIA gapped down 265 points in 7.4 seconds today.
Yes, I saw that and I am stressing here being a newbie.. i'm going to stay on the sidelines here for a few more days...
Just in case you didnt know, the big $ is made by predicting and being right. How you gonna hold for 3 or 400 points if you think 200 is a big deal.
Only one that doesnt have to predict is a scalper, and even he has to predict something.
No prediction is a myth and BS.,
Oh yeah, I forgot, your broker doesnt have to predict either to mint coin
Only one that doesnt have to predict is a scalper, and even he has to predict something.
No prediction is a myth and BS.,
Oh yeah, I forgot, your broker doesnt have to predict either to mint coin
DOW price limits are 10%
http://www.cbot.com/cbot/pub/cont_detail/0,3206,1560+8704,00.html
SP/ES price limits are 5%
http://www.cme.com/trading/prd/equity/pricelimits2549.html