It seems to me people reacting with emotion which is the absolute worse way to trade. We retail traders, do not run the stockmarket. It is the big boys (hedge funds, mutual funds, banks, brokers). If they want the stockmarket to run up, they can easily do so. With so many shorts caught with their collective pants down, all they need to do is start buying and drive stock prices higher. Guess what happens next? Shorts will be crapping in their pants scrambling to cover.
mr HW, what kinda numbers are you envisionioning for your dropley turvey infindubulum, percents or digits are appreciated. careful around that vortex over there wiz... she so heavy she hard to see. whattawelookinat? we ain't gonna hold ya to it, you say she's commin round the bend... all ears over here, thanks. 10000? 9000? 7000? 5000? 3000? 1000?
I've been headfaked a lot trying to bottomfish inverses the last couple of months. Maybe bank bad earnings will be the last straw this week.
We should, by God test March lows - will happen sooner or later...if we do not hold there then more... and more... don't believe it - go long or stay in cash.
i count nothing out, lol Keep your eyes on your fries Wiz. We'll get plenty of signals and triggers where ever the heck she goes, may take a 30 second chart once in a while, that's ok, partial to the 1, 2, 3, 5's tho. There's your Gap just to the right of the march bottom. Make hay while the sun shines. It could happen just like you say. We'll see soon enough, that's the best part.
If we break it will likely start with the banks and SPOOZ, small-cap, and Nasdaq will eventually follow, after some bloodshed...
Looks like I was wrong, the Nasdaq seems sicker than the Spooz pre-opening. Most earnings are non-NASDAQ so I am confused...profit-taking?