iBankCoin
Joined Jan 27, 2008
7,405 Blog Posts

Do We Bounce Here?

Will the recent lows hold?

If we do fail to hold the lows, and do indeed breakdown, panic selling should set in and create a buying opportunity into Turkey day. Be on guard for a reversal, we are getting near some oversold levels.

Update: Just took 8% loss on $NUGT, ouch. The miners are getting poleaxed today.

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4 comments

  1. JakeGint

    Looks like everyone on our team is on the “Sell” side today.

    That’s usually a pretty good contrarian indicator.

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    • RaginCajun

      miners getting whacked today.

      We got to be close.

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      • JakeGint

        IAG getting cock smacked. I guess investors don’t like that INV deal! lol.

        Probably worth a dip purchase here, as it’s burned through the lower Bollinger in crash trade fashion.

        TC is up!

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  2. zzzdoc

    SPY is hitting support too many times and it will break down.
    That’s what the Walmart crystal ball is saying… I am just the messenger

    zzz

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