Deep red market close today.
Started by
bob4
, Oct 28 2008 09:08 AM
11 replies to this topic
#2
Russ
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Posted 28 October 2008 - 09:54 AM
Why?
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#3
tradesurfer
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Posted 28 October 2008 - 09:55 AM
Look out below!!!!
Oh my gosh, I cant believe that the rally failed so quickly today.
This is a very sick sick market, trying to suck so many into it and then turn on a dime.
It is so sick it is worth saying it again. This is one SICK MARKET!!
Edited by tradesurfer, 28 October 2008 - 09:56 AM.
#4
ed rader
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Posted 28 October 2008 - 10:00 AM
Why?
record plunges in home prices and consumer confidence can't be helping
.ed rader
#5
skott
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Posted 28 October 2008 - 10:57 AM
hey Bob, any idea when the trend into this deep red close will manifest itself ? anything in particular you are looking at?
#6
skott
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Posted 28 October 2008 - 11:56 AM
Bob, can you hear me now?
#7
skott
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Posted 28 October 2008 - 12:09 PM
Boy it is going to be one heck of a monumental drop from here if we are going to close deep red
#8
skott
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Posted 28 October 2008 - 12:19 PM
there is a triangle pattern in the s&p futures that if broken to the downside gives a target of at least 800. we are or have finished wave e at 874ish. not a prediction just noticed this on the chart. has to turn down and break 845 to confirm. Seems unlikely
#9
skott
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Posted 28 October 2008 - 12:21 PM
should have added that pattern is just been traced out the last 2 days on intraday chart
#10
skyymaster
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Posted 28 October 2008 - 12:44 PM
Hey, Bob4
I see you are painting an end of the world scenario thourgh many of your replies on other posts today. I would say, don't look below but start by sending this to anyone you think will need it. If we are going to a true 1929 depression we might as well get people prepared for it instead of worrying about dow 1000
http://www.wikihow.c...ive-in-Your-Car
I see you are painting an end of the world scenario thourgh many of your replies on other posts today. I would say, don't look below but start by sending this to anyone you think will need it. If we are going to a true 1929 depression we might as well get people prepared for it instead of worrying about dow 1000
http://www.wikihow.c...ive-in-Your-Car
People should not be afraid of their governments. Governments should be afraid of their people.
Remember this day, men, for it will be yours for all time.
Remember this day, men, for it will be yours for all time.
