why dow suddenly dropped so much

[trader_david]

in the closing, any news, even i try to short it, but feel too late

 

[just21]

end of quarter mark up is over. get ready for the re-test of the low.

 

[W4rl0ck]

Getting a funny feeling about April Fool's Day.

Longs = Fools?

 

[trader_david]

that is not the answer. if earnings start to roll out, with unexpected results, we are going to the moon. bought some june YM at 7481, it is climbing now

 

[ElCubano]

Quote from W4rl0ck:

Getting a funny feeling about April Fool's Day.

Longs = Fools?

 

[W4rl0ck]

Unexpected results = losses merely tragic and not catastrophic.

Quote from trader_david:

that is not the answer. if earnings start to roll out, with unexpected results, we are going to the moon. bought some june YM at 7481, it is climbing now

 

[circadian]

Test of S&P support at 800. Closing prices carry more weight, as do closing prices at end of weeks, months, etc. A move to a higher timeframe gives the closes more weight. S&P closed out the month of March sub 800. Does this poke a hole in the bull arguement? Yes. How big of a hole? I guess we'll just have to wait and see. The "Battle for 800" was definitely not won this month, by longs.

 

[stock_trad3r]

The markets surged today because the Gm news wasn't a big deal. All dips should be bought. Don't overanalyze this bull market.

 

[Susannah]

news that Obama says GM should declare bankruptcy, it's splashed all over bloomberg.com

 

[NERVESASTEEL]

Quote from stock_trad3r:

The markets surged today because the Gm news wasn't a big deal. All dips should be bought. Don't overanalyze this bull market.

"Bull Market" WTF, must be time to go short ... :eek: