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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (28667)10/6/2000 3:33:54 PM
From: shasta23  Read Replies (3) | Respond to of 67979
 
so much for that lod not to be broken. Tick still not above -1000...makes me think that the bottom is still not there. This is true lesson for the dipster crowd who don't understand what a trend is. The trend is down and the dips are right now the rallies to be sold into not the lows to be bought.Huge spike in the VIX today, people are getting concerned about the market.But still not above 30 which still shows to much complacency! I'm waiting on the sidelines and have unbookmarked most threads on SI because i don't want to be sucked into this "bottom calling business". I have tried that multiple times in the spring sell-off and got burned and this time i will wait until i can see which bodies are still moving after the carnage.

Have a good weekend all!

BTW is the market closed on Monday because of Columbus day?

Stefan