But there is still more than an hour before the close.
The unexpected bad GOOG and BAC earnings caught many by
surprise. In addition, the economic picture has turned somewhat gloomy
and there seems to be more pessimism.
I am looking for SPX 1030 before SPX 1120
Market has a heavy heavy feel to it. There seems to be more doubt and more are
bailing out of equities. It could be sideways to down for the next two weeks.
I am shocked this market hasn't CRASHED today
Started by
dTraderB
, Jul 16 2010 01:44 PM
3 replies to this topic
#2
stocktrender
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- Traders-Talk User
- 339 posts
Member
Posted 16 July 2010 - 01:54 PM
Crash will come Monday and Tuesday. S&P 970 is what I think we will have. Tuesday is the day to cover shorts at the close or near there.But there is still more than an hour before the close.
The unexpected bad GOOG and BAC earnings caught many by
surprise. In addition, the economic picture has turned somewhat gloomy
and there seems to be more pessimism.
I am looking for SPX 1030 before SPX 1120
Market has a heavy heavy feel to it. There seems to be more doubt and more are
bailing out of equities. It could be sideways to down for the next two weeks.
#3
draggen33
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- Traders-Talk User
- 1,047 posts
Member
Posted 16 July 2010 - 02:01 PM
Crash will come Monday and Tuesday. S&P 970 is what I think we will have. Tuesday is the day to cover shorts at the close or near there.But there is still more than an hour before the close.
The unexpected bad GOOG and BAC earnings caught many by
surprise. In addition, the economic picture has turned somewhat gloomy
and there seems to be more pessimism.
I am looking for SPX 1030 before SPX 1120
Market has a heavy heavy feel to it. There seems to be more doubt and more are
bailing out of equities. It could be sideways to down for the next two weeks.
I tend to agree , yet Ill wait for conformation from MR DEV!!
#4
redwraith
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- Traders-Talk User
- 43 posts
Member
Posted 16 July 2010 - 02:04 PM
But there is still more than an hour before the close.
The unexpected bad GOOG and BAC earnings caught many by
surprise. In addition, the economic picture has turned somewhat gloomy
and there seems to be more pessimism.
I am looking for SPX 1030 before SPX 1120
Market has a heavy heavy feel to it. There seems to be more doubt and more are
bailing out of equities. It could be sideways to down for the next two weeks.
Could also be that the financial regulation bill was passed by Congress yesterday. Wall Street hates of the idea of being regulated, so I had a feeling we'd be down today and probably good for an intermediate term short trade.
