I hear everyday since last friday..the bottom is in , its a rally, we are going up time to be bullish... we are up 1100 pt on dow on light trading volume
Im sorry but everyone a week ago was saying the world will end.. major depression, 2-3 year resesion, deflation spiral?? now 4 trading days later we are to be bullish? WTF..
we have a simple bear rally/dead cat bounce and trading 101 (thats me) says we need to retest the lows 1300-1350 in naz or 7500 in dow and then trade above were we are at today.. fibronichi retracment we are right were we should be..
my feelings after listening to all the propaganda is that we are sitting infront of black friday were everyone says it will be bad every economic # that comes out is negative,jobs,margins,forcasts etc. and now we have russia and opec trying to jack up oil again
so my 2 cents for anyone that invests is step back think before you jump in. im not sold and I can see us trading down the next 3 trading days back to 1350 rabge and people are going to get hurt..
for the record.. I sold half of sirius xm shares(15000) today at .17 I needed to lock in some loses for taxes and I will by them back at 13-14 range in a week or two.. I also shorted 2000 shares of the qld at 26.75 today as I say the market is going to go down and retest lows before we are in a trur recovery
WAR//STEELERS OVER PATS,SIRUS XM MAKING US SOME MONEY AND EATING TURKEY AND PASSING OUT ABOUT 3:00.. HAPPY TURKEY DAY PEACE