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Post by Cosmic on Aug 11, 2010 19:25:01 GMT -5
Hmmm if not sure from yesterday is worth 200+ points down, that's a big yuck.
As I mentioned yesterday, the bulls had an advantage with the close, however it wasn't to be kept. The overnight futures got the ball rolling, and it never stopped.
I won't stop at least until tomorrow morning sometime... then maybe some modest recovery, but the damage is done.
I don't care if the arrow is green, it won't be much longer if we keep up this journey.
Pretty much 50-50 with me again, but market seems toasted again.
Baby Bear, but probably more ferocious than that. Since April, the bear has reigned supreme.
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Post by PoorHomey on Aug 11, 2010 19:29:05 GMT -5
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Post by Rich on Aug 11, 2010 19:34:31 GMT -5
oh Homey, that's the first good laugh I've had today.
Much obliged.
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tfkness
Commodities Trader
Posts: 107
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Post by tfkness on Aug 11, 2010 19:40:44 GMT -5
poor honey! AWESOME!
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Post by theMIST on Aug 11, 2010 19:43:49 GMT -5
Baby Bear!
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Post by givememilion on Aug 11, 2010 19:45:01 GMT -5
Bull bull bull .. 500 points rally expected... we might see better than expected jobless claim numbers tomorrow and we might rally on it.. we will be in 1080 to 1130 range for sometime before any market news takes it up.. the options (weekly) spy says that. good luck to all of you.. t
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Post by deadmoney95 on Aug 11, 2010 19:57:13 GMT -5
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tfkness
Commodities Trader
Posts: 107
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Post by tfkness on Aug 11, 2010 19:57:20 GMT -5
Oh yeah, I was laughing so hard at Steve I forgot to vote.... Freakin BEAR... jobs report is gonna blow... unless I missed something about a bunch of people getting hired.... www.cnbc.com/id/38658262
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sowolf
Broker/Dealer
Posts: 439
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Post by sowolf on Aug 11, 2010 20:01:11 GMT -5
Bear for me tomorrow.
I think we have an early sell off with possibly some late afternoon buying to ease the pain (unless we get a negative surprise on the job claims report - which we might - then I would say Mega Bear). I think we will continue the downtrend on Friday though if we get some late afternoon buyers on Thursday.
Good luck everyone,
sowolf-
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Post by Rothschild on Aug 11, 2010 20:02:57 GMT -5
Grizzly bear to the quadrillionth power! at least in the 1st hour of trading and then there could be some short covering possibly??? Ahh......today was so difficult for me but selling creates more selling so its gonna get even cheaper imo. Bear for Thursday.
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Post by demanuel2001 on Aug 11, 2010 20:07:52 GMT -5
Voted Bear. Hope I'm wrong.
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Post by Rich on Aug 11, 2010 20:16:52 GMT -5
bear.
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Post by theMIST on Aug 11, 2010 20:31:25 GMT -5
My Game Plan for tomorrow:
Will be going long FAS at the GAP down open and will sell when when filled/green. At this point, most likely will open short position. Jobless claims may be a slight monkey wrench.
At end of day, baby Bear.
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Post by novice08 on Aug 11, 2010 21:26:39 GMT -5
Today the fear, tomorrow the panic Bear.
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Post by ccash04 on Aug 11, 2010 21:29:41 GMT -5
bear, but only to 1070 area lots of stuff going on there.
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Post by Rich on Aug 11, 2010 21:38:29 GMT -5
Bloomberg had Prechter on today. As he began his Elliot wave introduction, I ran to the remote and turned it off as quickly as I could.
Whew, that was close.
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Post by blueskies on Aug 11, 2010 22:33:49 GMT -5
i kept waiting for the miracle rally at EOD but we closed pretty much at the low. Very bearish that is... futures are already down pretty good and started off that way from the evening session open... might see 1050 on ES tomorrow...
so (surprise! LOL) bear for blue...
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Post by brosin on Aug 11, 2010 23:34:34 GMT -5
Not really sure what to think. I have turned bearish on a relative basis, but still mainly just short term for now.
That said, I don't think they're going to make it easy on either side. Baby bull
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Post by commodityypro on Aug 12, 2010 0:52:40 GMT -5
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Post by torrentio1 on Aug 12, 2010 1:57:02 GMT -5
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Post by demanuel2001 on Aug 12, 2010 2:27:15 GMT -5
Changed my vote to Bull - just can't bring myself to vote bear - plus yesterday was just an aftermath to more Fed BS.
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Post by benvestor on Aug 12, 2010 2:30:08 GMT -5
bear again.. dont see anything baby about it.. that is an amazing turn around on the futures.. wow what a load of crap
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Post by ask2lern on Aug 12, 2010 5:58:18 GMT -5
Lopsided poll........................makes me vote bull might even be full bull.......................I will go baby bull ............................GLTA
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