7 replies to this topic

[Rogerdodger]

Black Monday? Maybe Tuesday?
$VIX is down 6% today.
It looks like the last day of February bounce.
The BB's on the VIX were squeezed for so long that I assume it has more energy to let off.
A move below Thursday's lows and the next leg should follow this "Friday rally".
TWT
http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=0&mn=6&dy=0&i=p12461623064&a=27927380&r=9481.png

[BigBadBear]

Do you mean in the black Monday ?

[Rogerdodger]

Black Monday (October 28th, 1929)
Following Black Thursday 1929, the stock market was much calmer - it was up a bit on Friday and down a little on Saturday. People were optimistic, knowing that the market could bounce back from Thursday and that the bankers had stepped in. This false sense of hope would end on Monday. Black Monday

Black Monday was a terrible day in the market. Unlike the Black Thursday, no "hero" stepped in to regain investor’s confidence.
(LINK)

Black Monday is the name given to Monday, October 19, 1987, when the Dow Jones Industrial Average (DJIA) fell dramatically, and on which similar enormous drops occurred across the world. By the end of October, stock markets in Hong Kong had fallen 45.8%, Australia 41.8%, the United Kingdom 26.4%, the United States 22.68%, and Canada 22.5%.
(LINK)

My use of this expression is merely an attention getting device used to push up bearish sentiment.

Edited by Rogerdodger, 08 June 2007 - 10:09 AM.

[BigBadBear]

"My use of this expression is merely an attention getting device used to push up bearish sentiment. " Naw. I think you really mean it

[Rogerdodger]

I would be surprised to see such dramatic selling. Those were rare events. But I do think there is more downside. Who knows what the use of these ETFs will do. The market will tell us.

Edited by Rogerdodger, 08 June 2007 - 10:15 AM.

[Russ]

Roger:

Draw a trendline on spx from last august's highs through march/april's highs and spx is sitting right on top of it and the 50 ma. If all that force and fear on thursday could not penetrate this line the cheif is probably right that this is a buy opp.

Edited by Russ, 08 June 2007 - 12:10 PM.

[Russ]

Correction from above, connect to the lows of last Nov. as seen on this chart... looks convincing for a hold at least for the short term.

[thespookyone]

We rally Monday-but if you buy=I'd sell it before Thursday. Spooky