Question:

Has the market found a bottom yet or will it continue down?

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what are your thoughts on where the market is headed? Will it continue down, and if so, for how long?

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5 ANSWERS


  1. the market does not have a functioning sonar detector and has no idea where the bottom might be.


  2. hi

    no. it has not yet found the bottom.

    it has been in a bear market rally from last 10 days...

    now its time to go down... it will loose control and go around 12000 levels very soon within august as more bad news is in pipeline...  this correction may stand til august... but after that bottom market is going to rise like a rocket...

    you r going to see it soon as a reality...

    thanks

    bye

  3. It might be best to stay away from the stock market for now. The fundamentals do not look that good. I can't say how far down this will go and for how long. Election time is here, at least that tells me this might go on for at least six more months.

    If you are flat and looking for bargains, beware. The market is due for a bounce, and may not last that long. Traders will let the market go up so they will have a nice spot to short the market. When to buy? Don't even think about buying. Walk away from the stock market. Do something else.

    If you have open positions that are causing you pain, there's not much you can do right now. Do not add to your losing positions thinking that by averaging down, you can get out sooner. EVERYONE is thinking that way.

    - Jim http://jsforex.blogspot.com

  4. I am willing to go out on a limb and predict that the U.S. market won't decline more than an additional 10% from its July lows.  Whether we have already touched the lows is harder to say.  However, to me a market that is (as I expect) facing less than a 10% correction is certainly worth buying into, getting into position for an eventual rebound.

  5. If I could put a chart up for you I would be able to easily show you that the market is just making a temporary adjustment called a retracement.  

    This is normally a time where the investors are lulled back in to the market so the market makers can take their money.

    Also remember this is an election year so there is a lot of emphasis on taking the volatility out of the market.  Gas prices Will fall a bit, market will stabilize, investors will think it is time to buy because CNBC says there are bargains out there.

    This is when the market makers will step in and short sell positions on the futures markets and equities.

    Remember, the SEC just put a 10 day rule out since Monday that you can't short some of the banks.  This will give them a week to get their earnings out and stabilize their prices.  This no shorting rule can be extended to thirty days.  When this is over the financials will plummet.

    Remember 99% of people playing in the market are willing to accept small returns or even loose money in their accounts.  Don't get caught  in the trap.

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