Discussion in 'Trading' started by contrary, May 20, 2008.
Is today the beginning of the next leg down? Or a buying opportunity?
Wouldn't that depend on the stocks that you're looking at?
What do yoy mean by "the next leg down", SP < 1255?
Fist: I mean the stock market in general.
loik: yeah re-testing March lows.
Bouncing off, or continue down?
can't really judge by one days move..
the dow is moving towards neutral mode while the nasdaq and s&p are still intermediate bullish making higher highs and higher lows. all you can do is play what you see..play the current swing
If the next bounce (probably starts tomorrow) doesn't make new highs then beginning of new Downtrend... For now buy the bounce or do nothing...
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