Jump to content



Photo

gap down opening tommorow should mark capitulation!


  • Please log in to reply
6 replies to this topic

#1 atlasshrugged

atlasshrugged

    Member

  • TT Patron+
  • 4,409 posts

Posted 05 March 2007 - 04:02 PM

I have been waiting patiently for months , I hope tommorow my equanimity pays off!

#2 ogm

ogm

    Member

  • Traders-Talk User
  • 13,780 posts

Posted 05 March 2007 - 04:08 PM

I think we just had capitulation. Fear is in stratosphere once again. 2.1 bil shares on NYSE with 10 to 1 down to up volume. 2.3 bil on Naz.

#3 denleo

denleo

    Member

  • Chartist
  • 3,097 posts

Posted 05 March 2007 - 04:16 PM

Gap down will be too easy. I am thinking gap up and then some kind of strange pattern. I am not buying anything. I see dead cats. They may or may not bounce. But they are dead. Denleo

#4 greenie

greenie

    Member

  • Traders-Talk ~
  • 3,184 posts

Posted 05 March 2007 - 04:25 PM

Gap down will be too easy. I am thinking gap up and then some kind of strange pattern.

I am not buying anything.

I see dead cats. They may or may not bounce. But they are dead.

Denleo



Hey Dennis,


Has any of the hedge fund people you know got blowing up? How is the sentiment in the hedgie-land, if you can guage by talking to people around?

Thx, G.
It is not the doing that is difficult, but the knowing


It's the illiquidity, stupid !

#5 qqqqtrdr

qqqqtrdr

    Member

  • Traders-Talk User
  • 3,221 posts

Posted 05 March 2007 - 04:28 PM

I think we just had capitulation.

Fear is in stratosphere once again. 2.1 bil shares on NYSE with 10 to 1 down to up volume. 2.3 bil on Naz.


Ouch... Another 10 to 1 down day. For me it means another week from today of not buying. There is just too much selling to consider buying....... It will take at least that long for the selling to subside.....

Barry

#6 denleo

denleo

    Member

  • Chartist
  • 3,097 posts

Posted 05 March 2007 - 05:25 PM

I know a few hedge fund managers who are down, but most of them are accepting this fact as a normal correction. I see no panic yet, but a lot of people are concerned that this time it will be a big correction. Denleo

#7 greenie

greenie

    Member

  • Traders-Talk ~
  • 3,184 posts

Posted 05 March 2007 - 05:45 PM

Thanks for the comment !! G.
It is not the doing that is difficult, but the knowing


It's the illiquidity, stupid !