Where's all the new buy the dip, this is a buying buying buy opportunity threads? Come on guys, ya'll are BULLSSSSS..grab it by the horns. There is blood on them there streets.
Myself and several others have posted that we are starting to accumulate at these levels - just b/c people aren't making threads screaming about it doesn't mean they aren't doing it. In fact, I view the lack of threads screaming BUY! and the increase in mocking threads such as this as a nice indicator backing up many other stats that make me feel good about my buys here.
spoo did retest the 1425-30 level and held. Whether this was the ultimate bottom I doubt, but being long for a trade is probably the place to be. I have covered my index shorts, will be long if they can go green
You could be correct, I've already changed my mind about the prospects for the market five or six times this month, which generally to me just means I don't have anything real solid and so I'm still keeping my biggest position in cash. I was quiet bullish the other day, yesterday kinda threw me off, esp that we had been so strong coming off the lows, trying to fill in that gap and then it just gave up. That turned me back from bullish to bearish again, but today's action could probably change my mind again...which is to say that I'm a bit like a bi polar woman at this point
They start those threads after they have already bought, so they can cheerlead the position. If we don't close down today, you will see a lot of "100% up room to go" type posts at the end of the day.