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DJIA (DIA) S&P 500 (SPY)

Market Currents

Thursday, November 6, 2008
2:28 PM TweetThis
  • Market Currents poll: Do buyers mount a late-afternoon rally, or are we headed for new intraday lows? Weigh-in in the comments.

This news story has 14 comments:

  •  
    New lows heading into tomorrow employment report.
    2008 Nov 06 02:34 PM | Link | Reply
  •  
    Lows; the trend is heading back toward resistance.
    2008 Nov 06 02:34 PM | Link | Reply
  •  
    Do not see many buyers in this environment. Any strength will be offset by mutual fund selling in the last half hour.
    2008 Nov 06 02:35 PM | Link | Reply
  •  
    Im feeling a little more optimistic. I dont think we will reach new lows. In fact, I dont think the DOW will close above 300.. A big statement, but somehow, I think buyers will come back before the close..... Also will see short sellers buying to cover there positions, inclu. some other buyers as well.
    2008 Nov 06 02:40 PM | Link | Reply
  •  
    Ok, I'll be the contrarian. Buyers come out of the woodwork.
    2008 Nov 06 02:40 PM | Link | Reply
  •  
    Bulls buy late today, ignore the bad employment data tomorrow taking markets for continued bear rally.
    2008 Nov 06 02:47 PM | Link | Reply
  •  
    @SA Editor Eli Hoffmann

    "Buyers come out of the woodwork."

    I did . . . . . this morning :-(

    T.C.
    2008 Nov 06 02:49 PM | Link | Reply
  •  
    S&P closes below 840 if not today it must be tomorrow...
    2008 Nov 06 02:50 PM | Link | Reply
  •  
    DID I JUST START A TREND OF LATE DAY BUYING ON SEEKING ALPHA
    BUY BUY BUY BEFORE THE CLOSE!


    2008 Nov 06 02:51 PM | Link | Reply
  •  
    NEVERMIND. DO NOT BUY. There is way to much selling going on. I change my mind... too much selling... I doubt the DOW will end below 300pts..
    2008 Nov 06 02:58 PM | Link | Reply
  •  
    Weak rally through the closed based on a lack of sellers.
    2008 Nov 06 03:04 PM | Link | Reply
  •  
    NEVER EVER BUY AT 930 ALWAYS USE THE 10AM RULE!!! TODAY IS EXACTLY WHY THIS RULE WORKS:

    If a stock gaps down, dont enter a short position until the stock reaches a new low after 10AM

    If a stock gaps up, dont enter a long position until the stock reaches a new high after 10AM.

    Stick with this rule, it reduces risk and gets rid of emotion= which will cloud your judgement!!
    2008 Nov 06 03:19 PM | Link | Reply
  •  
    It was a short sellers market at 12PM EST today all the way till now.
    2008 Nov 06 03:23 PM | Link | Reply
  •  
    I really do hate when Im right.
    2008 Nov 06 04:10 PM | Link | Reply
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