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The VIX is at an all time high. I think we open much lower, but actually bottom today. I'm back in, fully invested.
Posts: 2977 | From: houston | Registered: Mar 2006
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WHEN I'M RIGHT, I'M REALLY RIGHT!!!!!!!!!!! Down 700 at the open, now positive.
Posts: 2977 | From: houston | Registered: Mar 2006
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Lehman CDS at 9.75%. Not to good. This is a text book bottom though. I love the signs here.
Posts: 2977 | From: houston | Registered: Mar 2006
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Warren Buffet just became the richest American. He added $8 Billion to his already $50 Billion in 33 days to overtake Bill Gates who held the title for 15 years. Nice.
Posts: 2977 | From: houston | Registered: Mar 2006
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Down 350 now. If this stays low everybody better watch after 3pm. Could be another selloff! Why hold stocks thru the weekend when no rally was seen? Not me talking just what I think people will start thinking as we near the close. Of course the opposite would be true if we can start climbing!! But the closer we get to the close the more concern I would have.
Posts: 1379 | From: Ohio | Registered: Mar 2004
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I picked support at 7,500. Either way i would like to see at least a decent double bottom as Glass suggested.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 6648 | From: Virginia | Registered: May 2006
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I have put protection on some. Earnings are now at 10% on S&P. We have the bailout, global interest rate cut, and plummeting commodities. Couple all of that with the over 40% drop in the Industrial average, and the sharp sell off yesterday, as well as the open. I like double and triple bottoms as well as the rest, but the down side risk is anemic compared to the massive upturn we are going to have shortly.
Posts: 2977 | From: houston | Registered: Mar 2006
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I have put protection on everything. Earnings are now at 10% on S&P. We have the bailout, global interest rate cut, and plummeting commodities. Couple all of that with the over 40% drop in the Industrial average, and the sharp sell off yesterday, as well as the open. I like double and triple bottoms as well as the rest, but the down side risk is anemic compared to the massive upturn we are going to have shortly.
Posts: 2977 | From: houston | Registered: Mar 2006
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We are always the contrarians, and never forward looking until it’s too late. I've been bearish for more than a year, and know a good thing when I see it.
Posts: 2977 | From: houston | Registered: Mar 2006
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No risk no reward. So far so good. And there is certainly plenty of room for going up. I won't mind missing bottom to wait till next week for putting back in some of my TSP (govt 401k). Good luck invester!
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 6648 | From: Virginia | Registered: May 2006
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Sorry , I thought the market was closed but its just the banks and options market closes at 2..
Posts: 1633 | From: Florida | Registered: Mar 2006
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I wouldn't be so sure this is the Real Bottom! This was the worst one week decline in the history of the DOW for a reason....things are worse than most know...and the media has be reporting doom & Gloom for weeks now...so what does that say??? The market is damned!!!
If anyone does decide to go bottom fishing, average in over several days....as you should always do any way...but especialy with this market!
Posts: 2169 | Registered: Aug 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 6648 | From: Virginia | Registered: May 2006
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McCain and Palin here in Va Beach - DOW up! lol
"My friends"
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 6648 | From: Virginia | Registered: May 2006
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Dead cat bounce? LoL. I called it at 7900 at the open Friday. We are now at 9175.
Posts: 2977 | From: houston | Registered: Mar 2006
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Invester, i picked up some NCC as well to hold a few days , is your T&S screen or L2s showing almost all mirror trades on this the last 30 minutes or so?I am not sure if its scottrade or MMs are playing games this afternoon before closing..
Posts: 1633 | From: Florida | Registered: Mar 2006
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It looks like mirrors up until 10 min. ago. The NCC buyout should be out any day this week.
Posts: 2977 | From: houston | Registered: Mar 2006
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