The irrepressible dip buyers may jump in this afternoon. Well, I'll probably weather them out, seeing as I have so far.
I suspect that some dip buyers have been pension plans and the like, but also the Fed and PPT all along. They are the bagholders at this point.
When the institutions capitulate and the market lays like a dead dog with no eager dip buyers, that will be the end. I am looking forward to picking up AAPL for $199 per share and F for $9.
But I'm staying put until we hit 988 at least. I really don't think they are going to rally on Monday. Why would they? What kind of great news is going to be released to rally the market after these horrible jobs numbers?
There is a strong possibility of another huge day down on Monday. Then, if we hit our downside targets, we rally on Tuesday. That could be the turn date you are looking for.
The spiral chart gizmo seems to indicate an uncomfortable rally Monday. It didn't grade the last couple days as significant though I was sweating bullets.
Trying to make up my mind here. I am not crazy about sweating a rally to 1120-1150.
I'll probably cash some puts, but otherwise will stick.
If they hit 944 today, or at least 988, I'll bail out. Otherwise, I'm waiting for Monday. More bad news is likely scheduled to be released over the weekend, causing one very ugly Monday.
Red – I don't know about 944 on Monday – but I'll take it! I am thinking that it is more likely we reach that number at the end of June.
LOL… I knew you were swinging on it. Glad to see you smiling today.
They are trying to save the day already
Sorry – had to come down from the chandelier! Busy with the kids. Finally, the patience pays off. Holding until Monday.
The irrepressible dip buyers may jump in this afternoon. Well, I'll probably weather them out, seeing as I have so far.
I suspect that some dip buyers have been pension plans and the like, but also the Fed and PPT all along. They are the bagholders at this point.
When the institutions capitulate and the market lays like a dead dog with no eager dip buyers, that will be the end. I am looking forward to picking up AAPL for $199 per share and F for $9.
Where is Monica today?
I bet she's swinging from the chandelier about now. LOL.
That's fine Rip,
But I'm staying put until we hit 988 at least. I really don't think they are going to rally on Monday. Why would they? What kind of great news is going to be released to rally the market after these horrible jobs numbers?
There is a strong possibility of another huge day down on Monday. Then, if we hit our downside targets, we rally on Tuesday. That could be the turn date you are looking for.
Well Jim,
At least you have some shorts. Add to them on a bounce today, if you can. Monday is going to be bloody I believe.
The spiral chart gizmo seems to indicate an uncomfortable rally Monday. It didn't grade the last couple days as significant though I was sweating bullets.
Trying to make up my mind here. I am not crazy about sweating a rally to 1120-1150.
I'll probably cash some puts, but otherwise will stick.
If they hit 944 today, or at least 988, I'll bail out. Otherwise, I'm waiting for Monday. More bad news is likely scheduled to be released over the weekend, causing one very ugly Monday.