This is very dangerous advice in my opinion. The ole, find a trend / buy a retracement bit works less often than it doesn't in my opinion. The better advice in my opinion is to WAIT. You don't always need to do something. Don't think, it's sold enough, now it will turn it around. Let me tell you, the stock market is unlike gold for instance. Gold reminds me of a sports car while the stock market is like a train. Gold can hit a bottom one day and start running immediately. The stock market has wide turns so to speak. It can't just turn it around one day, especially coming off such a drop. When the trend has this much force, in the market at least, it takes a while to turn it around. I'll bet that once this market makes a bottom, in retrospect you can look back and say "damn, that bottom took a month to form." It's not going to be a V shape bottom. So what's the point of jumping in while it's collapsing? Wait til it shows you something, you'll have plenty of time.
Bonds are rallying because...well, because it's a blow off top to a 30 year secular bull market, lol. If it isn't for this reason then it's for that reason. Either way, a major flow of funds is finding the bond market. I think it's a blow off top right here right now, but we'll see. You could have said that about the NASDAQ at 2k, 3k, 4k and 5k. I think the end of the bond bull will come with collapse in the dollar as well. Currently i believe 80%+ of the bonds are being purchased by the FED in their helicopter drop cash operation. Any government with a fiat currency plus central bank can make their bonds rally daily, all they have to do is buy more of them, lol. The problem will always arise when the currency gives out.
Looks like some folks are taking full advantage of the anonimity of the Internet, lol. $10 says that this deadwood guy is overweight, ugly and has a tough time with the women, and he is taking out his inadequecies on the anonymous readers of this board. Anyone who fails to give any specifics, but just hopes people take him at his word that he is a master trader, on the INTERNET no less, is most likely a worthless liar.
I don't know about market but some positive things are happening in YHOO. Check it it. Good for swing trading.
If it weren't for the period at the end of that incomplete sentence, I would have speculated that his house might have exploded at that precise moment.