Ok, I'll bite.. I predicted Dow 5600-6000 area of support few months ago.. U can look for these posts, as I won't waste time referencing them...now if that area doesn't hold, which my work shows it will, 4500 is the next level!!!
Enjoy the ride..
As I mentioned in various other posts, we ain't seen the bottom yet. This accelerated move down will slow down then a long trickle down over next few years will take out all the small traders (elite type). Small trading ranges coupled w/low volatility won't provide anyone w/a decent living even...
For those who have studied patterns, a good rule of thumb is check where price is relative to the open. If the channel has been forming most of the day 'below' the open, especially on a gap down, then the likelihood (substitute w/probability, chances, etc.) of it breaking down are much higher...
Bottom is reached when Dow is in the area of 5600-6200...Don't be surprised if we get there. And it won't be a "V" rebound, just a straight line for years to come that will take out many traders and whatever interest is left in the stock market. This generation has seen the best and now the...
Averaging up or down has merits... I'll give an example as to how it can be done.
Let's say someone who is trading futures (ER or whatever index they trade), and typical account is 20k. The key thing here is to divide that account by 4 - this means that maximum number of contracts/positions...
Apologies rb88, didn't check previous pages on forum before posting. Nonetheless, the video raises some interesting questions. Of all the 4 flights, this 1 is the most puzzling.
Of all the websites purporting conspiracy this one comes the closest in terms of using scientific analysis to counter government's data. Pretty interesting.
Watch the flight 77 video on top