Market just turned bearish

Discussion in 'Trading' started by hajimow, May 23, 2007.

  1. hajimow


    Let me be the first person that claims the market's short term indicators turned bearish as of 3PM today and we will see a sustained downtrend in the next couple of days.
    Many stocks that we follow failed to breakout or keep the gain today.
  2. S2007S


    im bearish and still think this IS NOT the turning point.
  3. I have a penis

    My penis feels the market still is relatively bullish.
  4. I think we could see a little dip over the course of a few days...but the buying will only come back stronger becuase people will claim that was the correction.

    I just don't see the catalyst that will send these markets down hard yet. Maybe a few days, but the markets will tighten up and there will be fewer sellers than before.
  5. S2007S


    agree, any 1-2% dip will only make this market stronger. The stronger the dip the stronger the rally on the way back up.
  6. hajimow


    You menioned an important point. That is why many people who go long fail to get out when there is a market correction. All of us say that if another 1999 happens, we know what to do. That will happen and we will get burned again.
  7. I think you're actually the 53rd person to point that point in the last couple days :confused:
  8. The dow and Sp00z are setting up for another run

  9. ROFL :D :D
  10. S2007S


    buy the 0.32 point dip.

    Dow is down 2 "huge" days in a row.
    #10     May 23, 2007