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Would you mind letting us know what you see that allows you to make this call?

It looks like the smart money is making a play and accumulating some shorts here......rollover of the new contract beginning today might be distorting the data though. Lets see what happens and get this bear leg going :mad:

Tried to find some information. From this post, it seems one year after the initial crash of 1929, the unemployment rate reached 8.7%. I am not sure if they calculate the rate the same way today as back then....anyone else know? The market also did rally 50% 1 year after the initial 1929...

The real question is what was the unemployment rate 1 year after the initial 1929 crash. Of course it eventually reached 45% during the GD but that was after a FEW years into the mess. You are comparing apples to oranges.

I know you didnt ask me but it would be fun to give it a shot. I suspect this down leg will bounce between 950-977area (near the RTL of this bull retrace), make a push back up to 1000 area and then subsequently crash. I will be watching the commercial traders accumulate their positions in...

Thankyou for the explanation. As always, I appreciate the reply eventhough it bummed me out a bit.

What turning point have we had today that was significant? The day isn't done yet......but I was curious as I thought yesterday was the significant turning point.

Thanks. I have been looking for a charting software that would allow one to go back that far.

Take out your initial money once you have doubled your original buy in. Its a long journey and this helps for the rainy day. If the rainy day never comes, you are one lucky SOB.

I just ran into this thread and wanted to say best of luck with your endeavor. I hope you reach your goals and are able to make some real POSITIVE difference in this world with the cash. I have seen profitable traders get crucified in these forums over the years. You can actually see someone...

The big guns game the market higher in low volume so they can hammer during regular trading hours. Essentially, the commercials are accumulating short positions in the higher edge of the weekly range looking for a possible break down in the days ahead. They also scaled out some of their...

http://www.oftwominds.com/blogaug09/KaPoom2CHS.htm

Agree that intentionally breaking a country is a little out there. On the other hand, it seems to be that we are intentionally taking the US down. "I will go on record here and now and say that I don't believe for a minute that the strategy of the banks and government will work, because...

Thanks for this.....what a sad state of affairs we are in :( :(

http://www.oftwominds.com/blogaug09/KaPoom2CHS.htm

How can anyone get ready for DOW 2500.....if that happens, stick a fork in all of us :(

Every headline was Happy and Positive :D :( :eek:

Some headlines after the crash and during the 50% rally during the Great Depression before the markets headed to new lows and disaster hit. Thought you guys might find it interesting. January 13, 1930 “Reports to the Department of Commerce indicate that business is in a satisfactory...

http://www.elitetrader.com/vb/showthread.php?s=&threadid=162563&perpage=6&highlight=fulcrum&pagenumber=390

Do you use volume in your trading? If yes, how so? TIA