Market is tanking

Discussion in 'Trading' started by hajimow, Dec 7, 2010.

  1. giving up all the gains that started today. This can be the end of the bull market or a correction.
  2. Or maybe an abreaction to the ambuggerous consumer discredit report.
  3. Volume was healthy today so a down day like today means a lot.
  4. the bulls won't surrender without a fight. they have the confidence that Fed is there to save their sorry aszes.

    i hope we start seeing some gap downs that don't get filled to trap some bulls. only short have been relentlessly trapped so far.
  5. Tsing Tao

    Tsing Tao

    yes, tanking. its up two right now. what a tank! especially after that 40 point rally.
  6. No way we sell off hard into XMAS. ES 1208-1239 through the 24th. Great opportunity to sell vol neutral to 1220.
  7. Whatsa matter, shortie? No faith? Did da bulls give you a good bitch-slappin? [​IMG]
  8. Actually when I started the post, it was up 5 points after being 40 points up. In this confident good day that everything started well, dropping 35 points is tanking. Now it is really RED.
    I also call it a rally if the market opens down 50 points and then closes down only 5 points.
  9. lol.
    We are still UP on the day!
    Its a tiny pullback in a monster rally that will probably go to 1500 or so.
    You lot are crazy permabears!
  10. This isn't tanking -- just letting a little air out of the balloon.
    #10     Dec 7, 2010