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JDS Uniphase Corporation Message Board

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  • trade_on_ta trade_on_ta Jul 15, 2008 12:17 PM Flag

    A Panic Day feels imminent .....

    In other words it is not a sell time, if it is not a buy time due to over all markets.

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    • I agree, the time to sell was in January, if not before. My gut (right or wrong) is that the market is near a bottom, the next 10%, assuming it proves to be like the average bear market, will feel brutal but has a decent chance of being quite short, if it is like a typical panic sell. They are vicious and quite short, the bounce however tends to make up that last drop (and then some) quickly.

      I figure we need to see a 3.5B share day on the Naz, with a massive drop, some 6% - 8% or more on all major indexes.

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