The Nasdaq bottoms today

The ES is now at 791, will it creep over 793 and then sell off? If not, and we can hold 793, we get a good rally I predict.
 
Originally posted by aphexcoil
Just like when we got to the top, when the most unsavvy investors / traders start opening up new accounts at Dean Witter and sticking it in the "Big Bad Bear" fund, then we will know that the bottom is upon us.

In the meantime, the trend is obviously down. We won't have a bottom until something "amazing" happens to the market (i.e. crash). You can't have a recovery until it gets really bloody. This is just a warm-up but the fat lady is still off-stage.
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FYI, Dean Witter no longer exists as a retail broker. They "merged" with Morgan Stanley ..then eventually dumped the 'Dean Witter' portion.:D

I still have some of my stationary from Dean Witter. Any bidders?:D

come to think of it...when i started at Dean Witter in late 1997...the averages were about where they are now....like I was in some sort of time worp.
geez this market is wild today...up, down, green red...not my fav type of day..got some early wins...but I think I'll keep it ...and just watch the rest of the day.
 
Originally posted by ddefina
The ES is now at 791, will it creep over 793 and then sell off? If not, and we can hold 793, we get a good rally I predict.
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hey dave, carbon copy of yesterday or what?

sell mortimer sell!

don't worry about getting faked out man, ride those sucker rallies for all they're worth! (unless your an inept prick like me and only managed a measily 3 points out of it..)

 
Originally posted by daniel_m


hey dave, carbon copy of yesterday or what?

sell mortimer sell!
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So far so good--in at 792.50 short with 795 stop. Today they'll probably sucker us shorts in and bang it up.
 
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