Buy the dips and sell the rips will work for another 6 months. Bear Stearns could only bring this market down a few percent and that is already reclaimed on the giant gap up. Tells me we are going to be range bound, where buying breakouts and selling breakdowns will get traders chopped up. The range is now lower, from 1260 to 1340. We're about at the center of the range, anything can happen from here.
agree, its going to take more than just rate cuts and liquidity injections to get this market back up again, at least past 13k again.....if anything I think we will continue to trade range bound for the next couple of months.
Amazing. Now after all of this time you have finally understood how to TRADE this market atmosphere, rather than constantly questioning what the FED has been doing, blah, blah, blah. Many of us have been buying the market whenever it gets pushed down to "horrible" looking levels, and selling the rips back up. You've finally joined the club. Congratulations!