Edited by calmcookie, 27 February 2007 - 03:27 PM.
YIIIIIKES - hard to believe ... never seen this before
Started by
calmcookie
, Feb 27 2007 03:25 PM
2 replies to this topic
#1
calmcookie
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- Traders-Talk User
- 2,536 posts
calmcookie
Posted 27 February 2007 - 03:25 PM
Just don't see a quick recovery to this panic .... will take significant time to settle ... and in what direction?
No more "to da moon" for now!! More like ... quick sand.
#2
johngeorge
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- TT Member+
- 4,616 posts
Member
Posted 27 February 2007 - 03:33 PM
Just don't see a quick recovery to this panic .... this will take significant time to settle ... and in what direction?
Hi CC
First of the month right around the corner generally means lots of cash entering the market from IRA's, 401K's, etc. A trader may look to play for a bounce here perhaps late today or tomorrow and exit Friday or Monday. Meanwhile for me it is watchful waiting as I have been in over 90% cash the last 2 weeks. Oh, and by the by, I do recall the 1987 crash and IMO today isn't much compared to it.
PS Keep those poems coming!!!!!
Peace
johngeorge
johngeorge
#3
calmcookie
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- Traders-Talk User
- 2,536 posts
calmcookie
Posted 27 February 2007 - 06:14 PM
Just don't see a quick recovery to this panic .... this will take significant time to settle ... and in what direction?
Hi CC
First of the month right around the corner generally means lots of cash entering the market from IRA's, 401K's, etc. A trader may look to play for a bounce here perhaps late today or tomorrow and exit Friday or Monday. Meanwhile for me it is watchful waiting as I have been in over 90% cash the last 2 weeks. Oh, and by the by, I do recall the 1987 crash and IMO today isn't much compared to it.
PS Keep those poems coming!!!!!
Hello Mr. JG,
Glad you liked my verse,
I was not watching the markets in '87 ... so this was a biggie ... for me. The whole game sure is interesting!
Best to you, C.C.
