anyone buying this morning?

Discussion in 'Trading' started by dumbgai, Oct 8, 2008.

  1. axehawk

    axehawk

    Yes, reluctantly.

    UMW @ 27.26

    XLF 15.75

    UYG 11.90
     
    #21     Oct 8, 2008
  2. We need a good push above the 9620's with massive volume to get a big run imo (short covering rally).
     
    #22     Oct 8, 2008
  3. i've been buying since monday afternoon. finished buying this morning. sold my gold. I might buy more stocks from here, but it would be on margin.
     
    #23     Oct 8, 2008
  4. Back in 2003 the dow gained 9% in a single day. Probably a repeat of that would mark the bottom.

    This is starting to look like a bottom. note the strong leadership in tech.

    Tech ALWAYS leads the next rally. The most reliable sector.
     
    #24     Oct 8, 2008
  5. All flat now, as the DOW hit the 9600 level (no significant volume coming in as needed for the breakout) I covered my last 1/6'th.....that was it for me today. :)

    Time to call it a day for the intraday trading.....very nice outside here in Austin today.
     
    #25     Oct 8, 2008