well, well, bulls...markets down again... Let's look at the evidence: rate cuts don't work anymore. cooked jobs reports don't work anymore. not even web 2.0 stories work anymore (sorry, stock). what are the markets telling you? It's time to get out now...sell your positions on rallies...or keep on buying the dip that ends up burying you alive.
I just got shit on. Wonder if 1500 spooz and 13,500 will hold. Some douchebag will say support at those prices.
I'm not going to even think about covering on weakness. (of course I screwed myself but good by not covering a week and a half ago below 1500!) This could be the whole enchilada in the next few day's. Reminiscent of 87/98 type action.
HAHAHA, that some funny shit!! Everyone in the office just looked at me while I was laughing out loud in the silence.
if this dip buying doesnt work for the bulls they may have to avg down below 13k, may even 12.5k I will get bullish maybe somewhere below 11.7k...
and it did rebound dow up well over 100 points form lows overconfident? yes, but justified am I wrong? rarely time to buy? yes