I keep forgetting that we are likely going to do the same thing that we did after May 1st… meaning “little to no bounces on the way down”. I might be looking for a bounce that isn’t coming until we’ve had a similar 13 days of selling.
Could be right there Bill? The last sell off from May the 1st lasted about 13 trading days with only 1 day bouncing nicely and closing positive in the middle. Maybe they do go down the same amount of days?
If so, then a short on Monday might be the bounce day that looked like 5/10 was? Since you pointed this out about the election “uncertainty” I’m having my doubts about any powerful rally at this point.
yes, possible bear squeeze, but what would be the catalyst for a rally? Spanish bailout? earnings season ending? There needs to be a catalyst to take it higher. I don’t see one. I see the election pausing everyone on buying, accept for coal or healthcare stocks for bets on romney or Obama. Everytime we’ve seen a gap up, it’s sold off, a sign of a non reversal
No… we haven’t even started to rally yet. I think it will be more powerful then we expect as we are taking to long to start. That means more bears on board to squeeze, which means a bigger rally.
We might be bottoming now gang? Since we failed to rally they will likely push the rally out until next week, and it could last longer then 2-3 day now. The longer they stay down here it’s likely getting more and more bears on board short. This implies a bigger and stronger rally when it finally gets going.
If they would have rallied today and tomorrow then we could have crashed on Monday. But this kind of action looks like it’s craving out a real bottom to rally from… and not just a small rally, one that approaches the high from last Thursday. So Monday is not looking like a crash day at this point.
look for market to sell off into the election then, with only 7 market days left to the election. The election creates great uncertainty, so big buyers are held off till after.
I keep forgetting that we are likely going to do the same thing that we did after May 1st… meaning “little to no bounces on the way down”. I might be looking for a bounce that isn’t coming until we’ve had a similar 13 days of selling.
Could be right there Bill? The last sell off from May the 1st lasted about 13 trading days with only 1 day bouncing nicely and closing positive in the middle. Maybe they do go down the same amount of days?
If so, then a short on Monday might be the bounce day that looked like 5/10 was? Since you pointed this out about the election “uncertainty” I’m having my doubts about any powerful rally at this point.
yes, possible bear squeeze, but what would be the catalyst for a rally? Spanish bailout? earnings season ending? There needs to be a catalyst to take it higher. I don’t see one. I see the election pausing everyone on buying, accept for coal or healthcare stocks for bets on romney or Obama. Everytime we’ve seen a gap up, it’s sold off, a sign of a non reversal
makes sense bro
surprising at these levels. Maybe it’ll make sense that they drop, or chop tomorrow then to get people on board for the weekend
No… we haven’t even started to rally yet. I think it will be more powerful then we expect as we are taking to long to start. That means more bears on board to squeeze, which means a bigger rally.
Not at this point… taking too long to rally.
We might be bottoming now gang? Since we failed to rally they will likely push the rally out until next week, and it could last longer then 2-3 day now. The longer they stay down here it’s likely getting more and more bears on board short. This implies a bigger and stronger rally when it finally gets going.
If they would have rallied today and tomorrow then we could have crashed on Monday. But this kind of action looks like it’s craving out a real bottom to rally from… and not just a small rally, one that approaches the high from last Thursday. So Monday is not looking like a crash day at this point.
look for market to sell off into the election then, with only 7 market days left to the election. The election creates great uncertainty, so big buyers are held off till after.
The C wave could start now, into Friday, then crash hard Monday. You’re thinking a C wave that takes out todays high?