What Next

[trade555]

Now the market seems to have hit bottom. I think we will bounce for a week. But after the bounce I am expexting for the volitality and volume to go down. I think we are in for a long consolidation period. Does anyone think the market will do anything else? And why do you think it will do something else.

 

[stevieoh]

Gotta give it a little more time maybe.......

http://www.elitetrader.com/vb/showthread.php?s=&threadid=7360

 

[trade555]

I say more time for the market to get it's momentum back because I don't see many specialists making a market they are just matching orders and the institutional trading desk's are doing the same. Until they start taking the other side of there costumers trades this market will be real choppy. What is your reason?

 

[easyrider]

(as Johnny Cochran would say ) dont try to predict beyond the next tick.