Crash tomorrow or 1430-1435 will hold?
#11
Posted 31 July 2007 - 11:00 PM
#12
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
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
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
Carl Swenlin, founder of Decision Point and original Fearless Forecasters board.
#15
Posted 31 July 2007 - 11:39 PM
#16
Posted 01 August 2007 - 06:32 AM
#17
Posted 01 August 2007 - 02:01 PM
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.