I'll be happy with dow 13,000 too. But when the market does rebound after a bear market it tends to be huge and sudden, followed by a steady rally. In the 2002-07 bull market 1/2 the gains were made between 2002-03, and the rest were made between 03-07.
I did excellent today trading in and out of shorts, still holding one overnight. Should our poor close cause more of the same to happen overseas, and then back to us at the open?
Ben please cut the rate. Paulson we need more bailouts. Plz do something. The selling needs to stop because the economy is still fundamentally strong.
well, i did ok during the day with intraday longs. but my swing longs are just killing me. f*k that day when i decided to "experiment" with swing trading!
hedged my longs today closer to the end of the day. no more suffering for me from my swing positions. we can easily gain 10% more in a few days if this is THE RALLY. but i am too tired watching my portfolio oscillate like crazy overnight. sticking to daytrading from now on.
Everyone is talking about recession, but there is no evidence of it. All these shorts are assuming things are gonna get worse, but margin calls must be met regardless. This should help fuel a sharp rebound to 12,000 on the dow. There is too much negativity.