White Monday?

[Surdo]

YM closed Friday @ 4:15PM ET 513 points lower than Thursday's 4:15PM ET close.


duh!

 

[NoProblem]

Quote from dsq:

it doesnt have to re-test,it can just drop through old support at 840 on the sp500.It probably wont be a copy of the last bear market either.It can go down to 760 and just languish sideways for months.There doesnt have to be any bounce anytime soon.But it probably will go up to 1000 and then just sell off.I would think with the whole economy not emerging from this mess for the foreseeable future that your best off shorting every damn rally.Too many people are looking for bottoms.They have been doing this for the last year and have been proven wrong and slaughtered all the way down.Ask cramer.

Good post.

I don't see any reason to get bullish yet either - down trend resistance needs to fail first.......seems to me like new lows are coming imho.

Friday's bounce from the limit down open was much less of a bounce than the last few times we were in this neck of the woods..........couldn't even make it over the 50ma on the 60 minute this time.

Steve

 

[MrktObserver4u]

"Every man has his own courage, and is betrayed because he seeks in himself the courage of other persons."

~Ralph Waldo Emerson

 

[The Voyager]

I consider myself a good trader, have many years of experience behind me and to this day I am still a terrible predictor. Well anything above a few minutes/hours at most.

Without a live market I'm "a non moving target", I need my RTHs.

Stuck with daytrading I suppose, major kudos to those that swing trade consistently well.

TV

 

[legend4life]

Quote from shortie:

if we open up i will be shorting the market at the open. this would be great since my shorts will be offset by the longs i already have.

Why do you do the opposite of what happens at open?

 

[shortie]

Quote from legend4life:

Why do you do the opposite of what happens at open?

i am a fader and i believe in reversion-to-mean.

 

[Div_Arb]

Hang Seng no looka too good..

 

[shortie]

 

[stock_trad3r]

Dow 14,000 within 15 months

 

[MKTrader]

Almost 80%+ for the Dow in 15 months? Has that ever happened?

I'm glad there's a permabull here to counteract all the permabears (the "Dow 3000 next month!" crowd), though I don't agree with either camp. But you really need to tone down stuff like that. It look the Dow and S&P a full 5 years to go from the 2002 lows to the 2007 high. Bull markets are almost always slower going than bear markets.

Quote from stock_trad3r:

Dow 14,000 within 15 months