Houston. Pilot speaking. We have a guy (named DSQ) sitting at the top of the shuttle, and pushing it back. He looks like a bear. Warn him, and ask attorney general whether we can proceed with the launch today. That guy will be split in tiny pieces if he stays there... Houston...over...
That tells me, there is more room to go down, probably with a few large one day pops higher in between, before bleeding to lower and lower levels. A market is only oversold if it starts going higher, if it doesnt, it shows that we are just taking a breather before continuing down.
stick it to the bears, and split dsq bear in pieces after approval from attorney general to proceed with launch. As soon as we hear from him, we will proceed. (I hope he is ok as it he seems to be in the hospital as last evening).
His plan is to claim that he meant to go long at the close of the market today, just like he did yesterday after making the 780 S&P bottom call in the afternoon.
bingo... bear markets dont get oversold like bull markets dont get overbought.They might have a counter move here and there but they resume the trend...People still have a buy the dips mentality.
R U SHORT or LONG. If you are neither, then shut up. If not, then you are a bear. Time will tell us how good you are with your current position.
The way I see it: either Fed bails out C over the weekend, or C goes BK before Wed and the market tanks 20%. If you were Fed would you just stand there and watch?