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Registered User
Joined: 1/11/2009
Posts: 36
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Just wanted some opinions on when this Bear rally is going to end...........as I get eaten alive ub this choopy market two day up, shit 3 days down!
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Registered User
Joined: 1/11/2009
Posts: 36
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Once again, sorry for the spelling mistakes, lol...........Just wanted some opinions on when this Bear rally is going to end...........as I'm get eaten alive in this choopy market two day up, shit 3 days down!
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Registered User
Joined: 2/5/2006
Posts: 1,148
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QUOTE (bronxz) Once again, sorry for the spelling mistakes, lol...........Just wanted some opinions on when this Bear rally is going to end...........as I'm get eaten alive in this choopy market two day up, shit 3 days down!
bear rallys are often tough to trade. they are either very choppy rallys or very explosive. so some just avoid trading these countertrend rallys. when will it end? who knows, i'm just waiting for breadth to breakdown. otherwise the markets overbought. but no see any signs of a shortterm trend reversal yet.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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Approx. 877 to 828 on the SP500 is a value area.
How the market responds there will decide.
So far so good.
Seems like it had every reason to go down today.
Thanks
diceman
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Registered User
Joined: 10/7/2004
Posts: 2,181
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Bronxz;
Just a suggestion intended with all good will, I think we have a long way to go before we get out of the woods. Times like this are very good for us all if we maintain a long term perspective. Picture yourself a few years from now telling someone else on a message board like this, "Yes, I remember that nasty Bear market in 2008 and 9. That's when I really learned how to trade."
You can do it if you choose to. Read, learn...then earn.
all the best
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Registered User
Joined: 5/12/2008
Posts: 102
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Daily volume on Friday was one of the lowest this year so it was easy to manipulate a close above 8000.
Nice headlines for the weekend.
However we are so over bought now that a pullback must be due - probably a 318 or even a 50% pullback.
Notice that Fridays volume was about the same as that on February 9th, which marked a pivot high.
I expect a gap up day on Monday as retail floods into the market after the euphoria of the Dow achieving 8000. The pullback may then begin later next week, probably around Wednesday.
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Registered User
Joined: 4/5/2009
Posts: 1
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Hi Bronyx: I hope you are looking at shorting in this market. great opps.
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