the trend is up, market has bottomed.

Is this the start of the Lundy Rally? If there is follow through on Monday morning, which seems likely, then we could get a 100 pt nasdaq rally very quickly. I think the bears are too smug and its time to run those stops, but we'll see.
 
Originally posted by TriPack


Jones makes it look easy as he lazily one-hands the ball.
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I like Larry Walker, still uses two hands every time. He knows what could happen if he becomes too complacent. :)
 
maybe lots of traders sat tight or got out just before the holiday expecting another terrorist attack.... that didn't happen so its time to BUY some more !

Wow Lundy yer really going out on a limb looking for 600 points up. Thats bucking the trend pretty hard. I'm not saying it couldnt happen, but to me I see it going down.

Noooo Im not making a prediction....lol I saw what happened in here when you did. You got tarred and feathered, hung out to dry, and abandonded, and jumped on and then it was stuffed in yer butt.
 
You will notice when the volatility in the NASDAQ falls in comparison to its usual movement against the S&P, it tends to be a warning of a trend reversal. Tuesday morning was such a case. It normally exhibits twice the volatility as the S&P but monday the % down move on each was about the same. Showing the market that it just wasn't going to get any lower

I have a feeling we will see a nice big rally from here. Maybe lasting a week or two. Everyone will call a new bull and then more bad news will start to emerge sending the indexes lower again.



Runningbear
 
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