Cesarnc's market talk, gossips, rumours & fun

Quoting cesarnc

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Dow can't find buyers anymore. Whatever the news, the talks and rate cut sentiment. Early traders even try, but don't find follow through.

I'm now thinking that a broad correction below the 12.7K is on the cards. Too find buyers now, only with killer prices :

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Quoting Big Wave Rider

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Testing lows, testing highs, testing this and retesting that and NOTHING.
We all know its going to happen, we are IN a recession so just go ahead and start the mass sell off already. What is everybody waiting for? An invitation?

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Quoting DutchTrader

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We need a break below 1400 on the S & P

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Quoting Ash

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U.S. Stocks Fall on Bank Finance Concern; Countrywide Plunges

By Michael Patterson
Jan. 8 (Bloomberg) -- U.S. stocks dropped, led by financial shares, after pending home sales declined more than economists forecast and concern increased that credit for banks will dry up.
The Standard & Poor's 500 Index slipped 0.47 to 1,415.71 as of 11:43 a.m. in New York, erasing a 14-point advance after Countrywide Financial Corp. plunged the most since 1987. The Dow Jones Industrial Average fell 22.76, or 0.2 percent, to 12,804.73. The Nasdaq Composite Index lost 1.1 to 2,498.36.
To contact the reporter on this story: Michael Patterson in New York at [color=#0000ff][email protected][/color] .
Last Updated: January 8, 2008 11:44 EST

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Quoting cesarnc

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Thanks Dutch, I wasn't looking at it

1,400 is also 100% off the high 1,575.

I've learned that below that 10% mark, the market is considered/declared "in correction", that is Bullish period OVER.

No Bull wants that to happen, of course. That's why I think it's that heavy an area.

If someone has conflicting information in this 10% rule, please say it, coz I only saw that once.

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Quoting SunTrader

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Just hope they stay over there in Cable Update.

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Quoting cesarnc

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Thanks Dutch, I wasn't looking at it

I've learned that below that 10% mark, the market is considered/declared "in correction", that is Bullish period OVER.

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Quoting Ash

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I hope so too.....but then again, I think they will due to the fact they won't find..........


GO LONG - GO SHORT - GO SIDEWAYS

Insted they will find Cesar's pack of...........

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Quoting Turtle

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Hey Cesarnc, love that "In God We Trust" on the cable thread......

HOLLA

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Quoting cesarnc

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Kills the discussion, doesn't it?

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Quoting cesarnc

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Kills the discussion, doesn't it?

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Quoting cesarnc

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This is huge

Bear Stearns' management shake-up could make the investment bank a takeover target, but the specter of more write-downs might keep suitors on the sidelines.

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Quoting SunTrader

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For the equities a drop of at least 10% is need to qualify as a correction. Doesn't mean the bull market is over unless............oh jeezus loook beloooow it keeps going.

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Quoting cesarnc

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If it's not finding a bottom at 12.7K it's finding a new top at 12,7k

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