No rate cut tomorrow, look out below.

Discussion in 'Trading' started by detective, Oct 5, 2008.

  1. Mvic

    Mvic


    Value
     
    #21     Oct 5, 2008
  2. you do know that you can trade pre market, right?

    last 3 fed unexpected cuts where wither at 8:15 or 8:17 am be ready and buy the market if it happens
     
    #22     Oct 5, 2008
  3. rros

    rros

    Jim Rogers -who many here praise- said last week that if there is another drastic dip "buy with both hands". I take it at face value.
     
    #23     Oct 5, 2008
  4. Right now the futures are down ES - 19
    YM - 174 sunday 9.50
     
    #24     Oct 5, 2008
  5. S2007S

    S2007S

    Seems the market stretches as far as it can in both directions, when the market was headed higher people thought well if it's at 14k why can't it go to 15k or 16k. As you can see most posts here are looking for the markets to drop even harder which I do agree with. I have been calling for Dow 10k for months now and know we will get there however in BEAR markets we do see extreme bounces and I do think we see one sooner than later. I think we could see single one day rallies of 3-5%. I think we could drop extremely hard tomorrow right into the close open down hard again on Tuesday and reverse sometime Tuesday midday. Markets are looking extremely oversold here.
     
    #25     Oct 5, 2008
  6. Oversold =/= it will bounce.
     
    #26     Oct 5, 2008
  7. oversold doesnt nesssarily bounce.

     
    #27     Oct 5, 2008
  8. Until you can tell me with a straight face the impetus for growth, every rally is a short...

    Look around..... jobs, homes, real wages......no signifcant rally till those turn...and those are not turning in the positive direction anytime soon
     
    #28     Oct 5, 2008
  9. lol I think that's what got us into this problem in the first place
     
    #29     Oct 5, 2008
  10. S2007S

    S2007S

    Funny how there are no reasons to buy now yet everyone was buying in 2006-2007 as the bubble inflated bigger and bigger. Too funny. Understand in bear markets like today you can see substantial returns when timed right. Do NOT do NOT do NOT buy on up days, only buy on days where you see big dips like tomorrow.
     
    #30     Oct 5, 2008