Thanks, I really need guidance about this market, this is not the same market anymore, this is way too fast, it is a very fast pace liquidation, I really do not feel like it will stop before 10% either, so 1410 is quite possible...
Crash tomorrow or 1430-1435 will hold?
Started by
arbman
, Jul 31 2007 10:12 PM
16 replies to this topic
#12
CNSZ
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Posted 31 July 2007 - 11:01 PM
i think spx cash trades down to 1413 and ndx cash down to are you ready....1839!!!
... and that's tomorrow?!?
hope so, I am all in short
#13
atlasshrugged
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Posted 31 July 2007 - 11:04 PM
i think spx cash trades down to 1413 and ndx cash down to are you ready....1839!!!
... and that's tomorrow?!?
spx at 1413 is not that far off...the naz seemed heavier today so who knows perhaps it will but what do i know i thought we would gap up tommorow lol...!!
#14
*JB*
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Posted 31 July 2007 - 11:37 PM
Gene Inger used to always say that crashes come from oversold markets.
Roger --
Back in 2000, this was oft repeated.
My first thought then, and now, is the market
ALWAYS has to go thru "oversold" to get to "CRASH"
Cheers
"Don't think...LOOK!"
Carl Swenlin, founder of Decision Point and original Fearless Forecasters board.
Carl Swenlin, founder of Decision Point and original Fearless Forecasters board.
#15
GOOSE2
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Posted 31 July 2007 - 11:39 PM
ES trading down -17 after the close, down around 44!!!
Yowza, thats some serious bull pain there. I have a line coming in around 1430, no way they get down there or do they? Then another line at 1410 and major huge mega important 1381.
This is why I only daytrade and never hold overnight. You can't control the risk, Globex is so thinly traded.
This reminds me of the Fall of '98 or maybe..........no not going to say it. 
#16
NAV
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Posted 01 August 2007 - 06:32 AM
Kisa,
I am not sure why the market has to crash, if it cannot go up. I am sure you have traded the bear market of 2000-2002. I remember the 2002 spring decline. It declined day after day with small bounces for nearly 2 months and still did not crash. Every 5% decline here at TT, we have a crash discussion.
#17
arbman
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Posted 01 August 2007 - 02:01 PM
NAV, actually I stopped trading in the spring of 2000 and focused in real estate investing in later 2000 through 2003, I was not as experienced as now about the markets and after I got hit the first time, I decided to go for safer places. So, I am not experienced about the bear markets, I can see what they look like in the charts, but I don't have a hands-on personal experience in trading them...
Kisa,
I am not sure why the market has to crash, if it cannot go up. I am sure you have traded the bear market of 2000-2002. I remember the 2002 spring decline. It declined day after day with small bounces for nearly 2 months and still did not crash. Every 5% decline here at TT, we have a crash discussion.
