Today is always the hardest day to buy!

[aja8888]

What does the DC imply? A significant sell off?

Yeah, but if that doesn't pan out, the chart guys call it something else.

 

[Free bird]

Its called BS

 

[NYEXPAT]

What does the DC imply? A significant sell off?

Lower prices 1 week and 1 month out. You can do a search and find out what each of the % declines were in the different cases. As you noted above, we got the rally and the "DC" in the Nasdaq has been avoided for now.

I went to "cash" today for 3 reasons I have previously mentioned:
1. The "double top" that we saw earlier in the correction.
2. The looming "Death Cross".
3. We traded up to the 200 day moving average in the SPY, which was my target.

 

[Free bird]

Are we still in the DC derby? Are you a Jets or Giants fan?

 

[GR111]

I’m with you...watching and waiting, but not nibbling much at all. I’m still hoping to see a great deal but if I don’t...it all works out end the end. If a big crash comes I have my shopping list ready!

 

[NYEXPAT]

I’m with you...watching and waiting, but not nibbling much at all. I’m still hoping to see a great deal but if I don’t...it all works out end the end. If a big crash comes I have my shopping list ready!

I traded the last 3 rallies and am now at 85% cash. I am questioning whether I will buy this next dip as I see several hurdles (mentioned earlier) and am up 15%+ YTD.