The Next Leg Down?

When I started the thread I did not expect an immediate decline but rather a push up to about SXP 950 then back down to new lows.
So, with this decline today I think the market will not make a new low in this move, but could test the SPX 800 level and then rally above SPX 900 before resuming downtrend to new low.

Friday is a big BIG day - Jobs report, could be another increase in unemployment rate resulting in markets falling fast with new lows about SPX 700.
 
Sheesh ! everytime this guy comes on TV the market goes lower....

no afternoon rally.

WHY do they have to come on TV?

just be quiet and do your job!
 
Quote from Jahajee:


Friday is a big BIG day - Jobs report, could be another increase in unemployment rate resulting in markets falling fast with new lows about SPX 700.
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lol an increase in unemployment is priced into the markets
 
Quote from Jhershierra:

Yes BIG sell off this morning... no mid morning rally.

We will see what the afternoon brings....but not looking good.
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LOL, late afternoon hedge fund liquidation and margin calls as usual.
 
Quote from Jhershierra:

Sheesh ! everytime this guy comes on TV the market goes lower....

no afternoon rally.

WHY do they have to come on TV?

just be quiet and do your job!
More...

Who cares whether the market rallies or falls? Just trade what you see, not what you want to see happen.

3pm to the close today will be the money time. With this kind of market action today, I'd expect to see either a hard selloff into the close that will be good for some nice points on the short side, or a rally back up for a good long trade. Either way, don't worry about which direction the market goes, just hop on and ride the action when it breaks.
 
Quote from stock_trad3r:

lol an increase in unemployment is priced into the markets
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Is that why the market moves when there is a surprise to the numbers? You are so damn retarded its not even funny. Even if your some little 10 year old kid at home playing market guru behind his dell, you still aren't funny to anyone on this forum. Hell your level of stupidity should be considered trolling...damn your dumb. I usually pretend your not here but I can't help but rail on your dumb f#$* ass today. Did I mention your a damn retard.
 
After such a huge rally there will be a pullback. The dow surged from 7600 to 8400 in two days on heavy volume, plus another 420 points on lighter volume. All we've given back are the light volume gains. Bailout hearings will be good for the market since GM is too bg 2 fail.
 
I shorted CELG when it went below 51.20

but I just bought long KBR....

we will see what happens.

I think it will probably keep selling...
 
Market holding. Placed a limit Buy order on QLDs that has not yet executed. DDMs actually have a better chart, but I am speculating a bit on NASDAQ 100. Selling is weak. Shorts are hoping for another panic sell off, but I don't see it. Redemptions overall seem to be ebbing and accumulation underway.
 
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