The bottom is in...for now

Discussion in 'Trading' started by sirmagic, May 16, 2011.

  1. sirmagic


    I think the selling is probably done and the bottom is in...for now. The QQQs look like they found some support. I am fully short GS, though, because of the currency trading disaster going on in their organization.
  2. mikeenday

    mikeenday Guest

    what's the rush?
    the breakdown just started today.

  3. Tons of sings of a bounce

  4. Concerning the cubes. NASDAQ Advance/decline, since it just broke another 10 day low, suggests otherwise.

    Seasonality plays a role.

    A "bottom" is not a reflection of strength.

    Goldman Sachs is a rig.
  5. sirmagic


    We'll see today if the Nasdaq makes a lower low. Things have been down, but they haven't been down that much...
  6. Like....?