stocks getting buried for 2nd straight session

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  • mh217
    SBR MVP
    • 12-05-10
    • 2226

    #1
    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.
  • jarvol
    SBR Hall of Famer
    • 09-13-10
    • 6074

    #2
    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.
    Comment
    • alling
      SBR MVP
      • 05-13-10
      • 1405

      #3
      looks the big crash is coming. keep an eye on 200 day MA.
      Comment
      • mh217
        SBR MVP
        • 12-05-10
        • 2226

        #4
        down big on light vol today
        Comment
        • TexansFan
          SBR MVP
          • 09-06-06
          • 3365

          #5
          I got together with lemart and bought a few million dollars worth of stock earlier this morning.
          Comment
          • jarvol
            SBR Hall of Famer
            • 09-13-10
            • 6074

            #6
            Originally posted by alling
            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.
            Comment
            • mh217
              SBR MVP
              • 12-05-10
              • 2226

              #7
              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
              Comment
              • jjgold
                SBR Aristocracy
                • 07-20-05
                • 388179

                #8
                Currencies really sinking too

                Aussie Dollar hurt
                Comment
                • alling
                  SBR MVP
                  • 05-13-10
                  • 1405

                  #9
                  Originally posted by TexansFan
                  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?
                  Comment
                  • ferndog
                    SBR MVP
                    • 02-22-07
                    • 1386

                    #10
                    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
                    Comment
                    • Emily_Haines
                      SBR Posting Legend
                      • 04-14-09
                      • 15917

                      #11
                      relax..............there soon will be another major bail out announced and it will go back up.
                      Comment
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