Is this the bottom?

Discussion in 'Trading' started by ratmpower, Jan 2, 2012.

  1. ratmpower


    What do you think? Is this the lowest that market can go?
  2. Bwahahahahahaha.

    Look at a monthly chart.

  3. Lucrum


    I believe Zero is the lowest the market can go.
  4. It's funny , some people still believe in rosy markets ,investing will never be the same , as it was a decade ago .you can get lucky here and there , but dont expect 5 dollar stocks going to 50 anytime soon.
  5. Bob111


    that depends on your time frame..:p
  6. KBaines


    We have had a huge rally off the October lows. Wouldn't that have been the time to ask about the lows being in instead of now with the Dow and S&P up 17% and other indexes up over 20%????
  7. ratmpower


    Or I should say, is this the time to go long on some oversold stocks
  8. ashatet


    I find such thought process very strange.

    Here is a scenario. Assume S&P open at 1300 on January 1st, and on January 20th, it sits on say 1100. Now, if S&P rallies from 1100 to 1250 by the end of January, everyone is saying that the market has rallied 14% or so.

    The same applies to the October rally, the market had dipped so much, we got a rally from that. We had a huge rally that made up for the huge fall in the market. Simple as that...

  9. ratmpower


    I think 2012 will be better than 2011
  10. =============
    5 year weeklycandlechart on SPY is bearish/downtrending;
    50 week moving average is bearish downtrending also:cool:

    No,Mr org poster, the weekly/monthly low can go low/lower again;
    $77 could easily be smashed/ go low/lower ,again. It has crashed lower before.

    SPY looks like sideways slop for now ;
    & Jan tend to be bullish, according to 2001 Stock Traders Almanac
    #10     Jan 4, 2012