Discussion in 'Trading' started by jrs3, May 10, 2004.
Thats my guess is today we see a short term bottom, Time to get long nope! just cover shorts.
I think you may be right. Friday produced breadth numbers that have marked important lows over the past couple of years. It's important to remember, as Jeff Cooper pointed out this morning, that if you're off by even one day you can take a lot of pain.
Something that I find interesting is that this is the first "big" down day we have had on light volume in some time. Maybe the sellers are finally wearing out?
could you re-formulate "...sellers are finally wearing out", please - I am not native english/american and can't find the expression in my dictionary.
He means they are tired from selling, "pant pant, huff huff, whew", (Brow Wipe)
Best not to jump the gun, or count your chickens before they hatch.
Thanks for the picture and the explanation! Much appreciated!
Their walking it up during lunch, so whats new. What happens in the last 30 minutes will be key, if the markets close green, short term bottom is in. ( I mean short term).
Short term bottom, not today! 25 minutes left don't see it happening, unless Bin Laden is caught. You no It wont surprise me if that rumor starts circulating anyday now.
Markets close green? What markets are you looking at?
markets will gap up tomorrow, we'd need a sustained up day on volume for a decent bottom to come in; otherwise look for more down room
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