500/5000
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I have no doubt that present conditions offer great buying opportunities for stocks. With all the global intervention taking place something is bound to happen. Although only the most iron-willed investor would stroll calmly into equities. If you're a long term investor, hold as much risk as you can tolerate.
Tom's "whooosh" comments are key to thee bottom, IMHO.
No whooosh
No bottom
If you're in the market, you want the whooosh.
You need to be hoping for the Dow to be down at least -700 out the gate, and then +50 at the close.
You need to feel the pain and then optimism that day will bring.
If all you are hoping for is green throughout the entire day, you are not positioning yourself mentally for thee bottom.
Until then...
No whooosh
No bottom
:cool:Rod
I think we had all the wooosh for a lifetime back in October and November - the institutional investor is essentially out of the market along with hedge funds - it's the retail investor that is now doing all the emotional selling. They are the last ones to finally capitulate. At these levels it will be really difficult to see a -700 point down day - of course I can always as usually be wrong. But a 1000 point up day could be right around the corner - as a matter of fact there could be several of that magnitude back to back. Now that would send a message.
Effective COB,
100 (C)
Citibank's good news of being profitable the first 2 months of 2009 has me positive because I believe that will lift the spirits of everyone, thus affect sentiment.
God Bless:)
I forgot to look at the volume levels and take those into consideration with my IFT (They are rather low). I blame that on the oxycodone (I had a tooth pulled this morning). That said, I believe I will be going:
90 (G)
10 (C)
I still have a few minutes to decide.
God Bless:)
Nah, I could be wrong but tomorrow may be a profit Taking day and Thursday has Initial Claims and Retail Sales numbers. Sooooo I'll just sit where I am, never liked jumping in on a big up day, but sometimes it works out!:worried:
It's natural to rally on low volume because no one is in the market. Volume will come in later once we are much higher indicating the herd is returning to the market. This could end up being a 400 point day later this afternoon when the bull starts squeezing the shorts.