The Modern Bear Market (If it is bear market, it is over)

[riskfreetrading]

Quote from dsq:

Ah yes,just like the shuttle,it has exploded in mid-air and in your face again?houston we have a problem...idiot at the controls.

Houston. Pilot speaking. We have a guy (named DSQ) sitting at the top of the shuttle, and pushing it back. He looks like a bear.
Warn him, and ask attorney general whether we can proceed with the launch today. That guy will be split in tiny pieces if he stays there... Houston...over...

 

[dsq]

somebody contact rft's parents and have them take away his internet access.

 

[nonlinear5]

Quote from riskfreetrading:


With NDX at 1110, start going long.

NDX is at 1020, almost 10% below your long entry. What's the plan?

 

[R. Raskolnikov]

That tells me, there is more room to go down, probably with a few large one day pops higher in between, before bleeding to lower and lower levels.
A market is only oversold if it starts going higher, if it doesnt, it shows that we are just taking a breather before continuing down.

Quote from shortie:

it is incredible how shorts are making a killing in this oversold market by shorting every single little bump.

 

[riskfreetrading]

Quote from nonlinear5:

...What's the plan?

stick it to the bears, and split dsq bear in pieces after approval from attorney general to proceed with launch. As soon as we hear from him, we will proceed. (I hope he is ok as it he seems to be in the hospital as last evening).

 

[GTS]

Quote from nonlinear5:

NDX is at 1020, almost 10% below your long entry. What's the plan?

His plan is to claim that he meant to go long at the close of the market today, just like he did yesterday after making the 780 S&P bottom call in the afternoon.

 

[riskfreetrading]

Quote from R. Raskolnikov:

That tells me, there is more room to go down, probably with a few large one day pops higher in between, before bleeding to lower and lower levels.
A market is only oversold if it starts going higher, if it doesnt, it shows that we are just taking a breather before continuing down.

They are taking the stocks from the idiots! Those selling today are definitely NOT THE PROS!

 

[dsq]

Quote from R. Raskolnikov:

That tells me, there is more room to go down, probably with a few large one day pops higher in between, before bleeding to lower and lower levels.
A market is only oversold if it starts going higher, if it doesnt, it shows that we are just taking a breather before continuing down.

bingo...
bear markets dont get oversold like bull markets dont get overbought.They might have a counter move here and there but they resume the trend...People still have a buy the dips mentality.

 

[riskfreetrading]

Quote from dsq:

bingo...
bear markets dont get oversold like bull markets dont get overbought.They might have a counter move here and there but they resume the trend...People still have a buy the dips mentality.

R U SHORT or LONG. If you are neither, then shut up. If not, then you are a bear. Time will tell us how good you are with your current position.

 

[shortie]

The way I see it: either Fed bails out C over the weekend, or C goes BK before Wed and the market tanks 20%.


If you were Fed would you just stand there and watch?