That's funny. I had to sell my pliers---forced liquidation---even though they were made in China. Ironic, eh?
I told everyone not to buy. You should have listened to me. There is ALWAYS a jig. NOW, stocks are becoming attractive, however, fear is in the markets. A Number of things can happen. Remember children, slowing growth = multiple contraction I do not see a catalyst for a CRASH, but slowing growth = correction time. Personally, I want the markets to become oversold so that I can buy. Here, the markets still have fear, so I wouldn't expect quick upside. Expect consolidation somewhere. Maybe a micro squeeze. BEST TRADE IS TO BE FLAT AND WAIT. Buyers will lose unless they have piker targets. New shorts will lose unless they have piker targets. Just wait and let the morons make their move.
Wait pliers were made in China, did they come from a completely faabricated fake HOME DEPOT store, selling blackmarket goods..... apple store, and Ikea as well. Art of War: chapt 4, page 7: we dont give a damn about copyrights.
We're looking more bottomly at least for a few days after this am's action. Vix spiked higher yet buying was on hand which means we spike up Monday. Just guessing.
Good news for the op - possibly another hammer for him today. It looks like the plunge protection team is painting the tape into the close. That will give "THEM" time to do something over the weekend. Look for all sorts of positive news stories over the weekend.
Is there a difference between a white/green hammer (close higher than open) and a red hammer like today (close lower than open)?