i think if we get a crash it comes sooner than later. we are getting closer to the holidays where we should see some lighter volume trading and likely a rally of some sort. i was reading in barrons that we are currently 25% below the 50 day moving average in the s&p 500 and that has only happened 5 times since 1928. each time it happened a rally ensued over the next 50 days. so take that for what it's worth. i hope we do get that kind of a panic sell off and subsequent gap down on the following day because then we would be able to catch a sustained rally off of that. but who knows...something new everyday seems to be breaking. it's late and i need to get some sleep.
It almost feels like everyone is expecting a selloff and it just won't come, so we're stuck floating around in this panic bubble. Whenever the market decides to break out one way or another, it will probably take everyone by surprise. FWIW, there are more signs pointing up than down right now. There *will* be a major, sustained rally. The question is whether or not it will be preceded by a major crash...and at some point someone's going to get tired of waiting.
I've kind of wondered about this. Everyone keeps talking about capitulation. But if everyone is looking for it, and everyone is waiting to buy as soon as the market crashes, can there really be capitulation? It seems like something that was more likely in the days before internet online trading and before CNBC and the like.
lol. No kidding. I think I'd rather go to Vegas... or maybe shorting the market in the last 5 minutes is the key.
pippendagimp was that you on the offer at the close? anyhow...tomorrow is setup to be an interesting day...especially if the fed cuts more than 50
honestly i have no clue yet...i need to read some more commentary about what people are looking for in the way of "fedspeak".
This is the reason I've decided to just sit out for a while. With that said . . . Tuesday will be huge . . . . MARK MY WORDS!!
Well ... Thursday was supposed to be huge, then Friday was supposed to be huge, then today was supposed to be huge, and now Tuesday is supposed to be huge. I'm still sitting out. Patience is the key to this market. I'll jump in for the ride when it finally makes up its mind what it wants to do. Even if I end up missing out on the big crash when/if it happens, at least I'll be well positioned for the ensuing rally.
I'm a cheap b*stard and am interested in zecco.com for online trading because of the free commission. I am very new to trading. I'm guessing people wouldn't recommend a newbie to start off with zecco? I'm hoping I could learn on my own from other websites/people rather than wasting money on services on the site. Thoughts?
So true. This would argue for the market to just keep losing a hundred hear and there till it has fallen a lot-- assuming it is going to keep going down.
Yeah I'm not sure why it all has to be given up in one day...we've had a couple huge drops and triple digit losses more days than not. In another month everybody can get in at 0
Of course, because the realizing of the MAJOR losses isn't done by internet traders, who are the one's that are waiting for the market to capitulate before buying, but most of the realized losses will be going to big investors. And think about it, most of these big investors will have to sell their shares in these companies because they too will realize holding translates more long term losses.
