Tomorrow's action by Handsome

I wouldn't be jumping into buying a sell off tomorrow...have you forgotten the lessons of 87'. No reason the market can't sell off another 10 to 20% without a bounce.
 
Quote from mschey:

I wouldn't be jumping into buying a sell off tomorrow...have you forgotten the lessons of 87'. No reason the market can't sell off another 10 to 20% without a bounce.
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What I was trying to say is to watch tomorrow and if the selling continues and continues into the early afternoon, look to buy for remainder of the DAY cause there is gonna be a dramatic reversal before and into the close.
 
Quote from S2007S:

Your not expecting new highs next week are you??



Its obvious we will get those oversold bounces, we saw these type of triple digit bounces back in May and June, however these bounces are meant to SELL OFF any long position that you may have bought at DOW 12786.
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No, not expecting new HIGHS this week..I'm just saying there will be great opportunity to day trade and make $$$$$$ cause if the markets keep selling off in the morning and into the early part of the afternoon, consider buying cause I am predicting a huge reversal day wise before the close. Make $$$$ on the reversal.
 
Quote from Handsome:

No, not expecting new HIGHS this week..I'm just saying there will be great opportunity to day trade and make $$$$$$ cause if the markets keep selling off in the morning and into the early part of the afternoon, consider buying cause I am predicting a huge reversal day wise before the close. Make $$$$ on the reversal.
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I agree on and oversold bounce but it has to be timed PERFECTLY.

Nikkei continues to selloff very hard.


12,000 is key tomorrow, we break that and next support is around the 11700-11800 area.
 
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