I'm presenting an alternative viewpoint. I know a lot of shorts blew out their accounts yesterday so it's not like longs are the only ones who have lost money.
stock_trad3r: An 11% gain isn't going to be erased very easily. That was the bottom. The funds have buy orders set up at every 100 point interval on the dow It would take enourmous selling to retest last week lows. Virtually impossible. -------------------------------------------------------------------------------- Hey stock_trad3r, I'll also take that bet. I'll bet you that low of 7800 in the Dow will drop thur that Virtually impossible low in ONE YEAR 2009. And that it will happen right before your EYEs. You will be watching it. It (Dow Jones) should half 7800, no later then 2010. trade well perr
stock_trad3r I also belivie that 7800 or 7722 will prove to be Key numbers at the end of 2010. The Dow should drop down "big time" in 2009 and 2010, but come back up strong by the end of 2010. It''ll be fun really to watch how this Crash works it's way down and back up. You won't see one again in your life time. It'll be my first and only one. Never to be seen one again. A close above 7722 by the of 2010. Let's make a penney bet. trade well perr
stock_trad3r I also believe that 7800 or 7722 will prove to be Key numbers at the end of 2010. The Dow should drop down "big time" in 2009 and 2010, but come back up strong by the end of 2010. It''ll be fun really to watch how this Crash works it's way down and back up. You won't see one again in your life time. It'll be my first and only one. Never to be seen one again. A close above 7722 by the of 2010. Let's make a penny bet. trade well perr
This is why we see big Swings in the Stock Market lately because we only have two years to go. The market has a lot to do, and it's way behind the times. We'll see what happens. trade well perr
duh, no follow thru.....retracement may well be over. typical uptick in bear market....vix up at end of day.