Quote:
Originally Posted by austinp
I think I'm going to do a little buying tomorrow afternoon. Who's with me???
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No, I am honing my shopping list but I will wait.
I do not want to hold over the weekend, too risky for me. The data is moving too fast. I would rather miss a bit off the bottom rather than catch a falling chainsaw.
Support being taken out everywhere, people are counting on a Fed rate cut which will do nothing to help. VIX closing at 37.48, I am looking for 38+ to signal a panic sell. S&P did not hold 3000, Dow down over 3000 this week. Volume is light and A/D line was only 8-1 on the down side. Not enough capitulation yet.
There is more down side IMHO.
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