How many bear markets have you seen? If this retests lows i'll eat my hat (and many $$). Long term shorts should now be closed. Sure it may go lower, but not for MONTHS. Back to buy the morning sell moc for a little while
Hey greynuts.... Ive seen and studied enough. To go long and expect a complete reversal on a V is Hat munching madness unless you intend on holding a long time....but that would make you an investor not a trader. Enjoy the food stamps....
Today (and a bit tomorrow) will show us if we can expect upside. We need to consolidate, sell some "real short term" holds, clean up the mess a bit, and hold some sort of upside rally today to be opitimistic on the market going up. If we stay with 50 points on the Dow, we have a chance to close the week with a good day...if not.....well, at least the volatility is paying the traders to stay around. 2 months ago, those that "whine" were whining about lack of volatility....well, no more, even the VIX is at record levels. Don