A second bite at the cherry

Discussion in 'Trading' started by Cutten, Oct 15, 2008.

  1. Cutten


    If you missed the first rally, this is your chance to get in.

    Logical place for stops is around 875 (close stop) or the old lows 837.
  2. You trying to lure longs in as the market resumes it's downtrend?
  3. I was debating this, but I'm not sure the low will hold. Can you share why you think it will?

    What bothers me is the volume on monday was very weak. There was no follow-through. The buyers just aren't there.
  4. Cherry? Or cherry bomb?
  5. Not enough volume on the selloff today.
  6. ooooh neat-o maybe we will make a wedge!
  7. Maybe we'll get a wedgie.
  8. MattF


    forget dead cat bounces...unless you're dropping them out of an airplane...
  9. but there was more volume today than on monday.
  10. Not enough volume for a good washout.
    #10     Oct 15, 2008