Just vicious selling...

[Goods]

I was expecting a bounce today. I think this 6 straight days down I think, since the election.
We're retesting the previous bottom. Which doesn't look like it'll hold really.

Time will tell.

[actionsportscentral]

I think the bottom holds.

[zackman44]

I agree Goods, other than fridays aberration (markets were up which kicked me out of two short etfs!) everything is moving down and ALL the news is bad, bottoms are definitely being retested. I also think it is very significant that the Nasdaq closed below 1500 and it hasnt been that low since the middle of 2003 i think, with the bad news pm by intel it could go even lower, also with the TARP thing not really working the S&P 500 and Dow will be hard pressed to hold currnet levels. In my opinion i thought the markets would drop more in october than they did, but now we may get the rest of that fall--- this bottoming is definitely a process not a singular event. jmho tho. Also do you guys see any safe havens or vastly undervalued areas??? Even gold is unpredictable nowadays --when it should be rising it keeps falling although i think it will hold around 700 to 750. Thanks for any input and lets keep our heads up.

[rjb1816]

redemptions coming will break the previous lows imo