I have to say that whoever sell the stock when it dips loose big time. And it's also amusing reading the previous post about how the market bounce is only a dead-cat bounce (note: I'm not talking long-term here, just a short-term trade). I remember one of my friend hastily put all of his options to put position and loose big time a week later.
Um not all gaps fill there is no rule set in stone that says they must yea stocks sold off last 30min ..wow not like I never seen that before The markets are never too cheap for too long remember that. There are buying opps everywhere when stocks start getting cheap and then boom! up they go when the buying recumes.
Getting cocky huh stock? This is the final push higher. The weak hands got there exit visas last week via the dreaded margin call. Now all the last chancers are jumping on board. They will be sucked out in the next 5 days or so as we test the lows around 1375ish. I have a feeling that level will not hold. Where the spooz broke out around 1310-1315 may prove to be a some sort of support. The mkt has changed colors, but you and eqt tdr can't seem to figure that out. Don't worry, if you're on margin you're broker will be in touch.
Let me guess, this time it's different eh? Numbers don't matter anymore right? Cycles don't exist anymore? The mkt will just go higher because anyone who is long some how escaped last weeks black hole? Ok whatever you say. Time to sell the family and the house and buy on margin!
Perfect entry point. We based out on volume and now are ready to retrace higher 100%. Once in a lifetime chance to buy!!!!
Hmmmm, I would rather sit it out, I would feel more confident if there was a pullback from here making a higher low...