alert: This is a VERY weak market

Discussion in 'Trading' started by Daal, Jul 25, 2007.

  1. Daal


    52 Week High 28
    52 Week Low 201


    Bulletin Board

    also advance decline lines are negative across all exchanges. And this was on a UP DAY
    I say the stock market is voting yes to recession.
  2. Looks more like just a setback than a recession
  3. Daal


  4. I would say so.. 80% of my watchlist was red. I only had one stock up for me today the other three was red.

    I might to start cashing out soon. Too much pain.
  5. nitro


    I wouldn't sell this market with your money, let alone mine.

    That doesn't mean that any given day or two won't be down or down big, but the trend is slap in your face bullish. To not recognize that is wishfull thinking, probably from a short position.

    Break SPX 1450 and then we can start talking. Break 1425 and you got my attention. Break 1400 and I agree with you.

  6. Shoot....we can't even break 1490 where there is supposedly HUGE support.
    This Apple and Boeing "mania" is killing the short idea.
    Someone, PLEASE, tell me again, why the commercial airline market is SO STRONG ? I don't "get it" ! It must be all of the executive trips to Japan and China, right ? Has to be...the domestic economy at the lower
  7. Daal


    thats why im just alerting. risk reward for a long simply doesnt exist. and a short need some kind of catalyst