Replies to post #6785 on FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

*Dow closed right on 100 weekly SMA, or if you'd like to get technical, it closed a hair below it and had no tail underneath it and also volume clarified the move. This is bearish, we are NO WHERE near a bottom here folks, wait until 10,000 is blasted, and even then people won't believe it, they'll probably sit there and watch it trot around the 9000's, then before the "MASSES" know, it'll be even lower... we are NO WHERE near a bottom here, this is just starting... and the market smells trouble ahead... manufactured tension with Iran?...

Well that's what "THEY" want... let's pray the good guys take back the street.

Peace.

[AnderL]

Probably just the opposite. Did you ever see the Reaganomics crash? Markets crashed because of lag. They couldn't processes the orders fast enough and you were buying and mostly selling at prices that were several seconds to minutes behind the ticket. Then came the deluge of market orders. Sell, sell, sell, that is where that iconic stereotype of some yuppie broker in a coffee sop screaming into a pay phone came from. I’m not saying we had the same lag. But a clean 200 point drop probably hit a few damage control triggers on some programs toward the end there. Volume was pretty strong at that price and cause a burp.