OK, now let's see how many people have started a "I'm Buying the Dip Thread" . . . Let this be the first, and the one that blows all of the shorts away!
The beaten up SMH got down to 39.05 intra-day, today. Huge Weekly support coming thru at 38.40'ish. Over 70% of the index is weighted to: AMAT +.10 INTC +.16 TXN -.90 Just some food for thought.
gg, i'm saying this b/c i know you've been struggling as a trader, you might do well now, good for you. but regardless of market direction, are you making money out of it? are you earning a living? concentrating on trading well rather than going on these ego trips trying to call market ups/downs. when i hear ppl start calling tops/bottoms, i know i hear a ticking bomb . they may be right in the direction, but the ego kills their accnts. but what do i know jmi
Looks like an asset-allocator has been in the market the past 2 days . . . buying bonds and selling S&P's. Every now and then they step away and allow the S&P to breathe only to come back 15 minutes later to hit it again. Just my 2 cents of observations.
Wow! Relegated to the Chit Chat Forum. And yet the BS by James Stock/Romeo/Grandmaster-baitor/Manolo etc. is allowed to continue??? Go figure.