Looks like a test of 10200 is coming…Stay tuned…
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Yup. Market’s broken and the adults have left the room.
Someone needs to unplug the robots.
Totally falling apart… it’s actually pretty interesting to watch. I missed yesterday’s big spike
remember when we all though the S&P was overbought at 1000? or maybe even 900? well still well above that and little has changed. If you think China implodes and some countries default on their debt we still have MUCHO downside from here. You going to put more shorts on against this intraday bounce Scott?
Oh sure, act like you know what’s going on.
hahah….. I’m sitting here in shock and awe since yesterday just like the rest of you but if you really think the market over the next 6 months has more upside than downside I would be surprised.
I think it does have more upside. The thing to do now is, raise some cash selling some of what did not get hurt too bad. Then look for value next week. Jobs picture improving, the Greek crisis will be stabilized, the oil leak will be plugged.
but then we have to deal with more volcanoes, more big earthquakes and hurricane season, and don’t think California’s problem will fade away, not to mention it might get hit with a big earthquake this year since the earths shifting is runing up that very fault line.
not to mention home foreclosures by the millions still to come, commercial real estate resets, 2nd mortgages totally underwater, bla bla bla…..
there may be a final uptrend but soon there WILL be a final collapse and reversal that will last years.
of course every trader has their own thoughts about what “could” happen.
really can’t move much in either direction until we find out if Shanghai can hold onto support of sept 2009 low IMHO…..until then all we can do is dance….I guess Area51 will be dancing with his cocaine super model… 😉 …..it’s the chop chop dance…