Right now looks like a copy of last August from lower levels. We should drop about 10 % in a week. But we all know it will happen all of a sudden. Maybe even end up on Monday and Tuesday before the dow drops 500 600 on Wednesday. It will come for the ones that have the patience to wait for it.
I said it before and I will say it again...
Started by
isaac613
, May 04 2008 09:56 PM
3 replies to this topic
#2
blustar
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blustar
Posted 04 May 2008 - 10:10 PM
Right now looks like a copy of last August from lower levels. We should drop about 10 % in a week. But we all know it will happen all of a sudden. Maybe even end up on Monday and Tuesday before the dow drops 500 600 on Wednesday. It will come for the ones that have the patience to wait for it.
Futures down right now. I would expect 600+ Dow points down into Wednesday, but not all in one day. 10% drop not likely here but 5-6% yes. The e-wave formation is setting up for a strong rebound rally and that should be it I would think and then down into mid/late June.
blu
#3
VolPivots
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Posted 04 May 2008 - 10:43 PM
A different analog from earlier this decade has the following outcome, but we shall see.........watch 5/19-22ish for a/the catalyst--right now, after the initial downthrust, looks like more low volatiltity for a few weeks
Edited by marketneutral, 04 May 2008 - 10:50 PM.
#4
gismeu
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Posted 05 May 2008 - 04:03 AM
Right now looks like a copy of last August from lower levels. We should drop about 10 % in a week. But we all know it will happen all of a sudden. Maybe even end up on Monday and Tuesday before the dow drops 500 600 on Wednesday. It will come for the ones that have the patience to wait for it.
Isaac,
what do you think will be the indicators to indicate that it is starting?
tia, gis
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