1. #1
    mh217
    mh217's Avatar Become A Pro!
    Join Date: 12-05-10
    Posts: 2,226

    stocks getting buried for 2nd straight session

    nas down over 2%..dow down 1.5%..sp down 1.9%....been on the sidelines for a week now..seriously thinking about getting back in.

  2. #2
    jarvol
    jarvol's Avatar Become A Pro!
    Join Date: 09-13-10
    Posts: 6,074
    Betpoints: 3670

    Yep the S&P has taken out alot of key levels to the downside and is approaching its 50 day MA. Will be interesting along with options expiring tomorrow.

  3. #3
    alling
    alling's Avatar Become A Pro!
    Join Date: 05-13-10
    Posts: 1,403
    Betpoints: 1802

    looks the big crash is coming. keep an eye on 200 day MA.

  4. #4
    mh217
    mh217's Avatar Become A Pro!
    Join Date: 12-05-10
    Posts: 2,226

    down big on light vol today

  5. #5
    TexansFan
    TexansFan's Avatar Become A Pro!
    Join Date: 09-06-06
    Posts: 3,365
    Betpoints: 211

    I got together with lemart and bought a few million dollars worth of stock earlier this morning.
    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: jarvol

  6. #6
    jarvol
    jarvol's Avatar Become A Pro!
    Join Date: 09-13-10
    Posts: 6,074
    Betpoints: 3670

    Quote Originally Posted by alling View Post
    looks the big crash is coming. keep an eye on 200 day MA.

    The S&P broke its 200 day in early August and has only closed above it for a couple of days in October.

  7. #7
    mh217
    mh217's Avatar Become A Pro!
    Join Date: 12-05-10
    Posts: 2,226

    oil down..gold down...equities down......europe continues to be a disaster so i think the us market can rally..im thinking the money has to go somewhere

  8. #8
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    Currencies really sinking too

    Aussie Dollar hurt

  9. #9
    alling
    alling's Avatar Become A Pro!
    Join Date: 05-13-10
    Posts: 1,403
    Betpoints: 1802

    Quote Originally Posted by TexansFan View Post
    I got together with lemart and bought a few million dollars worth of stock earlier this morning.
    Market down big time from this morning. Bad timing. How many hundreds of thousands you down so far?

  10. #10
    ferndog
    ferndog's Avatar Become A Pro!
    Join Date: 02-22-07
    Posts: 1,386
    Betpoints: 1731

    Be careful 75% of the time this year the dow has been up for the day. Sure you have some big moves down but remember when everyone said it would go down below 10k..it never did.
    This will be bought back up if and when we hit 11k

  11. #11
    Emily_Haines
    Emily_Haines's Avatar Become A Pro!
    Join Date: 04-14-09
    Posts: 15,888
    Betpoints: 15313

    relax..............there soon will be another major bail out announced and it will go back up.

Top