This buying panic is fun, but don't forget not to overstay your welclme. Market is still dead. There are still no buyers of stocks. They all are still stuck in mountains of illiquid garbage.
And pay attention to GE.
Don't forget to sell this rally.
Started by
ogm
, Mar 04 2009 09:45 AM
6 replies to this topic
#2
dcengr
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Posted 04 March 2009 - 09:48 AM
Give them a little time.
They are still deciding how they can get their money back by buying double or triple funds to their very depleted accounts.
My guess is they have enough $ left to buy far out of money options. I am waiting for the lottery sales receipts to come in.
Qui custodiet ipsos custodes?
#3
Xenophon
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Posted 04 March 2009 - 09:59 AM
If we have a rally it will be fueled on desperation 
#4
isaac613
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Posted 04 March 2009 - 10:28 AM
I have a feeling today will be don't forget to cover the fade of the rally. Its coming just watch it all unfold. 750 by Friday. ********* willing.
#5
qqqqtrdr
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Posted 04 March 2009 - 10:45 AM
It is important for Bulls to remember that a day upswing is not a rally. We are so oversold a 4% gain on indicies is not a real rally, but just a normal trading bounce. A rally will usually last for 4 -20 trading days. At this point, this is what I'm looking for. We are technically oversold ( if you still believe in technicals ), so we need to see what type of rally presents itself from here. So far we are still waiting for the rally.
Barry
#6
rkd80
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Posted 04 March 2009 - 10:47 AM
... feeling...********* willing.
interesting trading mechanisms.
“be right and sit tight”
#7
linrom1
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Posted 04 March 2009 - 11:26 AM
Market was up during only six days since January------it needs to rally a bit. See IC NR7 post.
Edited by linrom1, 04 March 2009 - 11:28 AM.
