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Bear Market Rally or Bottom?

Discussion in 'Shares' started by Chris C, 11th Mar, 2009.

  1. Chris C

    Chris C Well-Known Member

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    Well the Dow Jones bounced over 5% last night, and has gained nearly 7.5% from its low of 6443 two days ago. These results have a bit of a buzz about them, is this the beginning of a sizable bear market rally that traders want to ride? Or have we seen the bottom of this bear market?

    I personally side with the notion that this is just the start of a bear market rally that may well see the Dow get back to 7300, maybe even 7800, before resuming its downward trend to lower lows.

    I read this quote on the MarketWatch comments today, that I thought help put things in perspective:

    Either way I thought I'd bring it up for discussion. So what does everyone else think?
     
  2. Tropo

    Tropo Well-Known Member

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    Where did you get 6443 low on DOW from? :confused:
    Do you know what sucker’s rally is? :rolleyes:
     
  3. Denis

    Denis Well-Known Member

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    Was 6443 the Intraday low?

    What is a sucker's rally?

    How do you know if we are witnessing one now?
     
  4. AsxBroker

    AsxBroker Well-Known Member

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    If you get sucked in to investing because it bounced...Then it drops further...That's a sucker's rally...

    Time will tell...Hopefully you don't get to tell us ;)

    Cheers,

    Dan
     
  5. Tropo

    Tropo Well-Known Member

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    No .... intra low was 6470

    A short-lived gain in the stock market that occurs during a major bear market.
    It may last few days sometimes weeks.

    That is what DOW's chart is telling me right now. ;)
     
  6. Chris C

    Chris C Well-Known Member

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    Yahoo finance intraday low...? The figure is neither here nor there for the purpose of the thread.

    It's the same as a bear market rally... just a different name. Or at least that is my understanding.

    Anyway, so what are peple thinking? Bear Market/Sucker Rally? Or have we found a bottom?

    I'll let you know if we witnessed one when the Dow falls back below it's Monday lows. Till then it is anyone's guess.
     
  7. dudek

    dudek Well-Known Member

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    I call it Bear Hug. Very hard to get out of it in the short term. :D
     
  8. Tropo

    Tropo Well-Known Member

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    "I call it Bear Hug."

    Hahaha...good one! :p:D