StockTock.com Discusses The State of the bear market. The Market Is On The Edge Of A Cliff. Sure, There Is Perceived value, and I do not want to panic people near the bottom ", to This Is The Closest We've Been to a total stock market crash since 1987. I'm still watching The 925 level for potential support. We look at a long-term chart of The VXO (the old VIX). We check out financials (XLF), NASDAQ 100 (QQQQ), Dow Transports ($ DJT), WMT, MCD, U.S. dollar (UUP) and gold (GLD). "If you are having trouble Interpreting the charts or you are nervous trading in this environment, you are doing yourself a favor by sitting On the sidelines. Check out our new Social Netowrk for traders, StockTock Social!
pre market is down 82 points ...setting up another ugly day. clearly it is so bad out there that people dont think any rate cut or anything will get the economy rolling again. it must be that we all believe that the economy is driven by debt and not incomes.
Posted on May 21, 2011
Felix Alnas says...
No, you're right. Calling a bottom is hazardous. Felling pretty nervous about it to be honest.
Posted on May 21, 2011
Lakesha Levesgue says...
you bet it was ugly. was following your page today and covered my shorts....that simply sux eggs. oh well.. there was a threat of a rally and i believed it. arrrrg... this is one tough market to trade. im putting my shorts back out tomorrow and not watching the market intraday. everything keeps scaring me out of my profits...and they continue to fall. now im putting my price targets for retailers ive shorted out to 2003 levels. the economy is very very sick..almost terminal.
