heheh - come on baby... S&P500 1700 or less!
anyhow, noticed the fall yesterday aren't as deep as last week's?
US large caps fell 20+ points after going nowhere (up/down/up/down) for most of the US morning
However, small caps (Russel 2000) was single digit drop only, also after going nowhere for most of the US morning.
I suspect the early "value" buyers - those that missed the boat for past 2 to 5 years, are buying in.
Reason - trades cant be one sided (sell) only, there must be buyers & up/down/up/down movements may be the market (ie. buyers/sellers) finding their footing.
IMHO:
Wait lar - these early "value" buyers will be shaken out for sure if the market continues MELTING down (ie. no BIG 40 points drop, just keep melting 10 to 15 points).. then it'll be mayhem
Low volume with HUGE drops, that's the 1-2 punch.
Woohoo!
The direction alert short term market timing signals has been spewing buy signals since late last week and long term market timing signal still missing sell signal. Prepare ammo for rebound but good to hedge as well in case further breakdown of resistance level.