When is this market going to come down?

EMini-Player · May 6, 2003

[Briefing.com] 15:40 ET Dollar plunges following Fed, bonds rally

Other news: CSCO beats by $0.01

EMini-Player · May 6, 2003

So, the way I see it, according to the bonds, today was the top.

Now, how do you think Cisco's earnings will play a role in tomorrow's open?

Walther · May 6, 2003

Last Friday I posted that Wed.( tommorrow ) at noon selloff may begin. We shall see
Walter

compisnada2002 · May 6, 2003

I feel there will be a pull back but the post war rally will continue.

imho

Quote from GreenDog:

for novice traders:

being too early to short the market

and

being too early to buy the market

--- let the market exhaust itself. you don't have to get it at the top (nor do you want to).

I'm bearish as hell, but have been raking it in on the long side for a while now. Some of the best opportunities on the long side occurr at times like this when EVERYONE (and I mean EVERYONE) is saying we must be at a top!

... come to think of it -- we MUST be at a top!!

(maybe CSCO will be the downside catalyst).

dog
More...

EMini-Player · May 6, 2003

CSCO is flat in after-hours.

triple_j · May 6, 2003

1. we chop around here or a little lower thru the summer and then sell-off in the Autumn

2. we've topped out and will begin a sell-off immediately

take your pick.....

Just a thought,

triple

pantherproject · May 6, 2003

I see a flat to slightly higher market tomorrow early, whith the dow flat to slightly higher by noon. The Market makers are short so they're not going to let things go much higher.

Look for things flat until noon, then dropping off just after lunch. A short spike in chemicals and manufacturing just after 12, but look for white collar and blue chip drop by 3:30 which should bottom out (v-bottom) and rally into the close.

Longer term we're looking for a higher summer from here, but this will be curbed by the performance of world markets. Don't bet against the market makers tomorrow. Everybody whose piling on the long train will get their pockets picked.

PP

EMini-Player · May 6, 2003

CSCO down 2% in after-hours.

Kicking · May 6, 2003

DAMN! WHEN IS THE MARKET GOING TO GO DOWN?!
DAMN WHEN IS THE EURO GOING TO COME DOWN?!
I can't believe it! I am so pissed I missed out I am gonna short all I can to take revenge! This thing has gotta come down dammit!

peg_leg_joe · May 6, 2003

Quote from GreenDog:

for novice traders:

being too early to short the market

and

being too early to buy the market

--- let the market exhaust itself. you don't have to get it at the top (nor do you want to).

I'm bearish as hell, but have been raking it in on the long side for a while now. Some of the best opportunities on the long side occurr at times like this when EVERYONE (and I mean EVERYONE) is saying we must be at a top!

... come to think of it -- we MUST be at a top!!

(maybe CSCO will be the downside catalyst).

dog
More...

GreenDog,

I like your line of thinking. The most mind-boggling uptrends are often fueled by everyone thinking it MUST be a top. Like you, I am bearish as hell right now, but I am willing to play the long side if the market wants to have it that way. Agree with you - let the market become exhausted before you short!!

PEG LEG JOE