Replies to post #119277 on SPDR S&P 500 (SPY)

[k9painter]

I hear that, I was pretty leery of the down days, I know we were way over bought but the idea that the small economies that were supposed to have brought fear and panic really didn't make sense to me. now all the talking heads are saying we sold off because of the lack of global growth??? really??? like we haven't known that for ever??? I think this has all been orchestrated and now they got their buying opp and we will steadily grind higher. but of course I could be completely off base like usual

[TR4GEDY]

Oversold on the daily and the Dow jones was super oversold on the daily while the VXX $VIX was super. Overbought on the daily and the TLT was overbought.. This bounce will continue..

[gixxer11]

I honestly thought we test the LOD from yesterday early this am.. I'm quiet surprised it didn't..

Buy the dip sell the rip in affect

Or is it back to buy and and hold - I'm still not a believer

I'm thinking this was a technical small relief rally..

Kinda the exact backwards movement instead of small pullbacks and huge rips ..

It's deep pullbacks and small rips - only to be sold off

Billions of injected money seems to really have no effect anymore..