tomorrow we go down some more
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Any day this year I want to see CURBS IN!!!!!!!
Bulls bring that whore of a DOW up tomorrow as usual on these "dips"
Bulls bring that whore of a DOW up tomorrow as usual on these "dips"
Dont care either way, I wont be trading that kind of move, but I wager the bargain hunters move in tomorrow and rip some shorts a new one. Going short this late = bad idea most of the time.
This late? Uh, you mean 1% off the all time high? Yeah, way late if you think there's a correction in store.
From open to close SPY dropped 225 pts.
Lets see, only 9 days ago, it dropped a similar 250 pts, and rallied almost 250 pts over the next two days.
So yeah, it was too late to short then, and could be too late to short now.
The prev big drop was on 5/24 and the next day was UP
Previous to that the 5/10 drop, and the next day was UP
Previous to that was 4/30, and the next day was UP
Previous to that was 3/13 and the next day was UP
Previous to that was 2/27 and the next day was UP
see a pattern yet? So yes, I say its probably too late too short now. Given this is the market, I could just easily be wrong, but the stats are not in favor of shorting if you go by the latest pattern
Lets see, only 9 days ago, it dropped a similar 250 pts, and rallied almost 250 pts over the next two days.
So yeah, it was too late to short then, and could be too late to short now.
The prev big drop was on 5/24 and the next day was UP
Previous to that the 5/10 drop, and the next day was UP
Previous to that was 4/30, and the next day was UP
Previous to that was 3/13 and the next day was UP
Previous to that was 2/27 and the next day was UP
see a pattern yet? So yes, I say its probably too late too short now. Given this is the market, I could just easily be wrong, but the stats are not in favor of shorting if you go by the latest pattern
Quote from SiSePuede!:
This late? Uh, you mean 1% off the all time high? Yeah, way late if you think there's a correction in store.
And don't forget to lugubriously employ the Chomskybot!Quote from Jaxon:
That is far too direct. If you want a loyal following on this forum you will have to develop a mystical air of superiority and make your prognostications vaguely ambiguous. It also helps if you use big words inappropriately.
http://rubberducky.org/cgi-bin/chomsky.pl
