DISQUS

StockRake: Another Day Another Loss, On A Gap Down Open…

  • pio · 1 year ago
    I like your sentiment but unfortunately we're not through it yet! Europe is being decimated atm. FTSE was down 10% earlier - although it has come back a bit. Where do you see a bottom for the dow? I can't see it going much lower than 8000.
  • StockRake · 1 year ago
    I'd rather see the futures down in the morning badly rather than up in the morning at this point. Usually a gap down marks exhaustion.
  • Super Saver · 1 year ago
    Sensei,

    I continue hold on existing positions. I took a small position on October 3 in BAC, WFC, JPM, and MON, before the bailout vote, since I thought the bottom was near. WRONG !

    At this point, I'm going to wait for the a visible near term bottom, and trade the rally, in anticipation of another downturn.

    I think this bear market will last another year, since the last one was 2 years, 2000-2002.