Comments on: Open Thread: Which Side Will Break First?

By: theWild1

theWild1 — Sun, 19 Oct 2008 05:28:40 +0000

Yeah I think we will b trading sideways for some time, there is a pretty huge trading range about 6-7 year time span we are sitting in.

Many traders are in a state of uncertainty which will probably cause a lot of volatility.

By: rhinodude47

rhinodude47 — Fri, 17 Oct 2008 15:03:18 +0000

option expiration today, will be very volatile and high volume session, expect anything.

BIDU has given back all its gains from its big move Monday, expect Google to do the same.

POT, MON, IPI, etc. have nearly all fallen victim to their latest bear flags / ascending channels.

By: Blain Reinkensmeyer

Blain Reinkensmeyer — Fri, 17 Oct 2008 14:54:04 +0000

looks like the market is back in the green now, let’s see what happens. I am watching volume closely, could we really have two accumulation days in a row?

By: Airelon

Airelon — Fri, 17 Oct 2008 14:06:40 +0000

It should prove interesting. I think one more bull day? And we will NOT have found the bottom, but a case could be made for a ‘relief rally’.

By: Matt

Matt — Fri, 17 Oct 2008 13:40:29 +0000

Don’t get too excited, market opened down after sour housing data, Google is still up 5% but not leading a massive market wide rally thus far today.

By: Blain Reinkensmeyer

Blain Reinkensmeyer — Fri, 17 Oct 2008 13:27:08 +0000

Interesting if you take a look at the chart of the 1987 crash they are nearly identical. If history holds true we should trade sideways for quite sometime…

By: jessie yung

jessie yung — Fri, 17 Oct 2008 04:12:13 +0000

i noted that nasdaq 100 hit a new year low last night. i believe we haven’t reached this year bottom yet.

By: kanerd

kanerd — Fri, 17 Oct 2008 03:40:40 +0000

Google up over 10% after hours, fueling the next big leg up tomorrow, get ready for a run boys!