Stock Market Corrects April 2, 2012

Forum: Investments
Author: [Investments] Topic: Stock Market Corrects April 2, 2012
cave0707 PM cave0707
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Posted: 3/30/2012 4:10:28 PM

Not a crash, just a correction ... down to the 50 day moving average it goes.  Good luck to all.

mainmanmainman2 PM mainmanmainman2
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Posted: 3/30/2012 7:51:21 PM
wallstreetcappers PM wallstreetcappers
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Posted: 3/30/2012 9:28:55 PM
Not sure about the timing, and what level are you forecasting?
cave0707 PM cave0707
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Posted: 3/31/2012 11:16:29 AM
Hey Wallstreet, obviously this is a long shot and nobody can predict these things but given the current selling pressure, the way many leading stocks pulled back (last 3 trading days) and the end of Q1, I'd say this is about right. 

Nasdaq 2950 is my guess.  What is the percentage on that?  Not much but enough to say DAMNIT!!!  I had really good gain going into Wednesday and gave back a healthy percentage.  Not too happy personally but it happens.  Good luck to all!!!
cave0707 PM cave0707
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Posted: 4/3/2012 11:08:09 AM
Missed ... sorry guys.
cave0707 PM cave0707
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Posted: 4/4/2012 10:21:25 AM
Not so fast maybe ... couple days early on the call but think the correction is in fellas ...
cave0707 PM cave0707
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Posted: 4/4/2012 1:33:33 PM

If Nasdaq breaks 3050 ... i'd be on the sidelines ... safely in cash or outright shorting ....

cave0707 PM cave0707
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Posted: 4/5/2012 4:06:29 PM
I think I may have been a week early on this prediction.  Market is in trouble fellas ... I smell blood ... distribution all over the place this week.  Next week is heads for the 50 day moving average.
wallstreetcappers PM wallstreetcappers
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Posted: 4/5/2012 4:46:01 PM
They keep supporting it into the close..that to me shows that selling is not serious.

Closing on the low with volume for repeated sessions is a strong sign of selling, I dont see fear or real selling here. ...yet.
be easy PM be easy
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Posted: 4/5/2012 5:02:14 PM
This is an election year, good luck shorting this market

just short the dollar/banksters/usfedgov with gold and silver


WFC at 34$



What changed in the last four months that warrants a 50% rise in it's valuation?

I don't know enough about options to have an opinion, but it seems to me that all the put options for WFC are expensive as darn
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