2200 is strong support for S&P 500, will it break ?

[Scataphagos]

And the fall of 1997, fall of 1998, spring of 2000?

I don't have a good way to look that up, but nothing like that made an impression on me... so I'm thinking not.

Traders should not fear the "black swan" event. Should have reasonable plays with stops in place. However, nobody is safe from the "lightning bolt", and especially overnight. That said, nothing like that has happend to the markets since I've been a player. (Has happened to individual stocks, of course, but that's different.)

 

[FriskyCat]

I don't have a good way to look that up, but nothing like that made an impression on me... so I'm thinking not.

We had multiple -5% close to close down days during that time period.

 

[Scataphagos]

We had multiple -5% close to close down days during that time period.

Guess I'm going to have to look that up, 'cause I'm confident you're mistaken.

 

[Spooz Top 2]

And the fall of 1997, fall of 1998, spring of 2000?

Reagan formed the PPT after Oct 19th 1987... Along with Collars/ Circuit Breakers to allow the Troops/PPT to flood the Market with Liquidity & Stem the momentum of Free Fall.

Limit downs were hit Late 90`s Asain Contagion, LTCM, Argentina, as Iv`e traded thru those exciting times.... but we`ll never see another Gusher like Oct 19, `87!
Too much Gov`t intervention.

 

[FriskyCat]

And April 14, 2000 and Oct 28, 1997.

Your memory is off.

 

[Scataphagos]

Reagan formed the PPT after Oct 19th 1987... Along with Collars/ Circuit Breakers to allow the Troops/PPT to flood the Market with Liquidity & Stem the momentum of Free Fall.

Yes.

 

[FriskyCat]

Reagan formed the PPT after Oct 19th 1987... Along with Collars/ Circuit Breakers to allow the Troops/PPT to flood the Market with Liquidity & Stem the momentum of Free Fall.

He did. But we've still had episodes of extreme volatility since then.

 

[maxinger]

1800 (if it could reach there ) seems to be strong support as it has been tested few times.

 

[FriskyCat]

Here are a few from fall of 2008

Sept 29, Oct 7, Oct 9 plus many that were near the -5% threshold.

 

[NY_HOOD]

I just think we are going down further and am starting to wonder if we give back all of the ‘ Trump Gains” starting in 2017. Thats brings the dow in the 18000’s.