Market to be lower by 5-6% this week?

Discussion in 'Trading' started by noob_trad3r, Aug 24, 2010.

  1. Looks like it with all the new bad news why would anyone go long right now.
  2. Roark


    Everybody already sold?
  3. It usually takes till Tuesday (after Friday expiry) for the market to get back to fubar.
  4. I say buy this gap down...
  5. Could get a bounce of Key support....

    But the volume is light, so who knows....yet we are getting near the bottom of the range....(around 1000 point range), we could trade with in that range for the rest of the year.

    If we break and there is a move down indicating a key reversal in the trend of "Range". Shorting would be smart.

    However, timing this market could equal Huge Losses.
  6. nickdes


    It is rather obvious that we are going back to dow under 10k, then maybe another bounce prior to selling down more.
  7. If everyone who is going to sell has already sold, price will need to rise at some point today to find more sellers.
  8. looks like -6% for the week is coming faster than expected.
  9. S2007S


    Are the idiot bulls celebrating the intraday move below 10,000 and back up above 10,000 a few moments ago??


    10,000 will celebrated by the idiot bulls another 1000 times.
  10. ze skye izz phallin! Ze skye izz phallin!
    #10     Aug 25, 2010