Will the market continue the sell off next week?

[Clarkstondude]

I sure hope not but it has been a very strange couple of weeks. No major announcements planned Monday and it sure looks like a great time to buy.

Best guess if we bottomed yet?

[billyjoe]

Clarkston,
Many technical analysts are picking 12,500 as the bottom. How about the rest of the forum members?

-----------billyjoe

[skiracer]

A couple of weeks ago I saw this pattern forming in the INDU's chart. I put this chart up over at StockCharts and stated that I was looking for a few short setups because I thought the trend was going down. I thought and stated at the time that 12750 was feasible. I wouldn't predict 12500 but if it breaches that bottom horizontal line on Monday it's doable but that line is support and I think it could hold right here.

[Clarkstondude]

another sick day

this keeps up and I'll have to find a job...although there arent any here.

[skiracer]

this keeps up and I'll have to find a job...although there arent any here.

You're not thinking correctly. Trade the trend. When the trend is up look for long setups. When the trend is down look for short setups. You have to be able to identify which direction the markets are going. Most stocks will follow the market direction. You have to be able to identify the patterns and formations on the charts to give yourself a bigger edge with you trades. Also look for strong sectors and charts of stocks within those sectors that are exhibiting bullish patterns. Get everything going in the right direction regarding market trend, stock pattern, and charts cycle and only trade the ones filling all the right blanks. It takes patience and deliberation in finding the right ones and controlling your need for action in making the right trades at the right time.

[mrmarket]

I don't know how to time the market. I only know how to outperform it. That's why I stay fully invested.

[bkkumala]

Agree with Skyracer

We have to be flexible , keeps follow where the markets flow, can't fight the market.

[jae16]

I don't know how to time the market. I only know how to outperform it. That's why I stay fully invested.

lmao... thats awesome

[New-born baby]

Today's DJIA action

Today's DJIA action wasn't good . . . that breakdown below 12,700 has me targeting 11,600 or lower. In fact 11,600 is just the first target for me.

[IIC]

OK Clark...You'll get your Naz bounce on Wednesday...However, I cannot guarantee that it'll last all day

[Clarkstondude]

hoping and praying, all cash now.

OK Clark...You'll get your Naz bounce on Wednesday...However, I cannot guarantee that it'll last all day

[IIC]

OK Clark...You'll get your Naz bounce on Wednesday...However, I cannot guarantee that it'll last all day

Well...I was right for about 4 minutes

[mrmarket]

Jane..stop this crazy thing!

[Websman]

It's mass confusion at it's finest....

[Clarkstondude]

I play for the market down trend

and it's an uptrend... Sigh... I'm all cash and open for todays open, I'm going unusually slow making sure what I click today.

I did make 16.00 Friday which was much better than the prior days loss of 185 times the friday gain.

I feel like I just started trading this year. No rules really apply now, what I learned over many many years have no basis. I am down 10% since the end of 2007 but compared to the people that taught me I'm doing fantastic.

Today IS the day of change!!!

Good luck to all!