People may be looking for 1040 for a bottom, but I would bet that it starts around 1050. Spiral charts is projecting a big rally Monday, and after that no rallies until the market is toast. Sounds reasonable to me.
I am covering at Dow 9800 and will not go long, but will build inventory through Monday. Will make sure I am fully loaded by 3:00.
Betcha by the time next week's over the term 'dip buyer' will have vanished from Investopedia.
Many retail bulls are going to go long here expecting a big rally up on Monday. What if they are wrong? There is a reason the Bilderberger group is having a 3 day meeting over this weekend.
It's because they want the bulls money. I wouldn't trust the technical's right now… even though we are extremely oversold. We can be even more oversold, just like how we were extremely overbought on the rally up. The same applies on the downside too.
People may be looking for 1040 for a bottom, but I would bet that it starts around 1050. Spiral charts is projecting a big rally Monday, and after that no rallies until the market is toast. Sounds reasonable to me.
I am covering at Dow 9800 and will not go long, but will build inventory through Monday. Will make sure I am fully loaded by 3:00.
Betcha by the time next week's over the term 'dip buyer' will have vanished from Investopedia.
a few of us are crazy yes, going long would be stupid
I stayed 80% short Monica, so have faith.
Still short. Probably crazy and stupid.
Buy algs just kicked in
It needs to hit 1044 before any rally.
This will not rally on Monday IMO. Too much fear building now.
Gang,
Many retail bulls are going to go long here expecting a big rally up on Monday. What if they are wrong? There is a reason the Bilderberger group is having a 3 day meeting over this weekend.
It's because they want the bulls money. I wouldn't trust the technical's right now… even though we are extremely oversold. We can be even more oversold, just like how we were extremely overbought on the rally up. The same applies on the downside too.
Maybe Al… but I might jinx's it if I do. LOL
That's exactly what all the charts say Rip, but I don't trust the charts right now.
Red, maybe you should put up the crash sign again sunday…Monday will be fun to rideit…