This is where they say to buy

Think about all the new investors who bought in at the the 52 week highs yesterday at dow 9900+ and all of the sudden it turned on them, are they holding expecting DOW 10,000 or selling before the market falls even further?


Tonight RIMMS earnings are due, if earnings aren't great there will even more downside in this market tomorrow, especially TECH.


Going to be interesting to see how this market ends this week.
 
Quote from S2007S:

Think about all the new investors who bought in at the the 52 week highs yesterday at dow 9900+ and all of the sudden it turned on them, are they holding expecting DOW 10,000 or selling before the market falls even further?


Tonight RIMMS earnings are due, if earnings aren't great there will even more downside in this market tomorrow, especially TECH.


Going to be interesting to see how this market ends this week.
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Right now with an hour left to go, it ain't looking too good consolidating near the lows. I doubt that there will be a huge upward push in the last hour... either a downward spike which would be very bearish, or else some more consolidation... as always, time will tell though. :) The last couple of times we declined before a big rally, we broke through the 20 Day EMA by about 10 points... wouldn't be surprised to see that again, back to the 1030 range. There could be some "buy-the-dippers" that get a little screwed here if they're not careful. We need more confirmation of a reversal at the moment... it's definitely wait-and-see.
 
Quote from MrDODGE:

We will rally on, thanks to the government.
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In general I would probably agree... the only question is how much of a pullback we will get first.
 
Quote from FB123:

In general I would probably agree... the only question is how much of a pullback we will get first.
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Do you think the government is going to allow a major pullback without announcing some new program to push the market to new highs?
 
Quote from MrDODGE:

Do you think the government is going to allow a major pullback without announcing some new program to push the market to new highs?
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Define "major". It has declined up to 45 ES points a few times in this rally from March. So that far, yes. Further, probably not. 45 ES points from our high is to around 1030 or so... so something around there would be possible. Doesn't mean it's going to get that far, though.
 
Quote from S2007S:

RIMM down huge AH....
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Not surprising... futures closed 3 points off the lows. Tomorrow could be a gap down... if it continues further down after that, it's a bad sign. For a reversal, look for a day where we trade high volume in a relatively narrow range, without any real price decrease.... that's where they will be accumulating. Don't think we're there yet.
 
Quote from FB123:

Not surprising... futures closed 3 points off the lows. Tomorrow could be a gap down... if it continues further down after that, it's a bad sign. For a reversal, look for a day where we trade high volume in a relatively narrow range, without any real price decrease.... that's where they will be accumulating. Don't think we're there yet.
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If this is really the top, where is stock_trad3r?
 
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