I would have expected a more powerful rebound. Ok it looked ok, but I would have expected more in positive territory. So, I am not pulling the long trigger just yet. Take the gold indices the measure of liquidity. They rebounded, but I would like to see more impluse in the individual shares. Thats my take anyway.
More down testing
Started by
Tor
, Aug 16 2007 04:48 PM
3 replies to this topic
#1
Tor
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Posted 16 August 2007 - 04:48 PM
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#2
ogm
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Posted 16 August 2007 - 06:19 PM
I would have expected a more powerful rebound. Ok it looked ok, but I would have expected more in positive territory. So, I am not pulling the long trigger just yet. Take the gold indices the measure of liquidity. They rebounded, but I would like to see more impluse in the individual shares. Thats my take anyway.
350 point DOW rally from the low is not enough for one day ?
Take a look at XLF, BKX, IYR and individual stocks of banks, brokers and REITS and see what you think about the market action, is that reversal was enough for you.
#3
pdx5
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I want return OF my money more than return ON my money
Posted 16 August 2007 - 06:55 PM
OGM, please don't take offense, but that 350 points was it really a rally?
I thought rally is when the market finishes higher ? 
Me thinks it was just a recovery from the panic decline today. Now if
it goes up 350 points tomorrow then it IS A RALLY and A SCORCH 
Me thinks it was just a recovery from the panic decline today. Now if
it goes up 350 points tomorrow then it IS A RALLY and A SCORCH
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#4
ogm
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Posted 16 August 2007 - 07:03 PM
OGM, please don't take offense, but that 350 points was it really a rally?
I thought rally is when the market finishes higher ?
Me thinks it was just a recovery from the panic decline today. Now if
it goes up 350 points tomorrow then it IS A RALLY and A SCORCH
Well, financials and REITS finished higher
Look at XLF and IYR
