InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,487.03
(
0.25%
)
US TECH 100
19,430.40
(
0.14%
)
Dow Jones
38,834.86
(
0.15%
)
Brent Oil
84.47
(
-0.27%
)
Bitcoin
65,479.11
(
0.79%
)
Post# of 77456
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (3) Keep Next 10 Report Keyboard Shortcuts
Replies (3) Next 10 Prev Next

ajtj99

Send PM Follow Ignore
Followers 305
Posts 46029
Boards Moderated 1
Alias Born 08/27/2001

ajtj99

Member Level

Re: opnion post# 45832

Friday, 10/10/2008 9:23:32 AM

Friday, October 10, 2008 9:23:32 AM

Post# of 77456
Well, the 1929 crash pattern would have us hit about 815 SPX today, close at about 850, then move up to back-test 960 on Mon/Tues.

The big problem with that is the Friday/Monday effect, where a drop on Friday tends to carry through on Monday.

If we don't get a drop to 815 today on the SPX, maybe it will come Monday.

Of course, we have support at 768-786 on the SPX, and 800 is a fib extension off the 1440 SPX highs.

If 7198 Dow falls, there's really not a whole lot between that support and say 440-480 SPX. I would have thought this unfathomable just a week ago, but this drop could be the equivalent of a 100-year flood.

http://www.investorshub.com/boards/board.asp?board_id=1613
AJTJ's Market Pulse
Do your own DD. Void where prohibited. Observed side effects include darkening of the stool, spontaneous amputation, and death. Rosebud.

Public Reply Private Reply New Post
Keep Last Read
Replies (3) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (3) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up