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

FriskyCat said:
He did. But we've still had episodes of extreme volatility since then.
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We sure have .. great times in fact... but I think we are referring to a complete panic/ free fall type market.. We had limit downs during those great late `90`s .. but nowhere near 22% Collapse... thanks to Ronnie!
 
Scataphagos said:
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.)
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Yes, nothing like the crash of 87, BUT that's different than no 5% down days since.

Instead, the govt interventions just stretch out the "crash" to days/weeks instead of one session.
 
Spooz Top 2 said:
We sure have .. great times in fact... but I think we are referring to a complete panic/ free fall type market.. We had limit downs during those great late `90`s .. but nowhere near 22% Collapse... thanks to Ronnie!
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No, we aren't. He said no -5% down days since 87. I've stated there have been multiple -5% down days since the crash of 87.
 
FriskyCat said:
Here are a few from fall of 2008

Sept 29, Oct 7, Oct 9 plus many that were near the -5% threshold.
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I'm not motivated to check out your claims (not sure I can with my data anyway).... so let's go forth with this notion.

OP was considering an 8% crash to 2200 in the SP in one day. What if I'd said, "there were no crashes that big except the -22% one in '87? Do you have an argument with that? And if not, you should accept that you're just bloviating about "-5%" as being critical to the discussion. Can you accept that?
 
Scataphagos said:
I'm not motivated to check out your claims.... so let's go forth with this notion.

OP was considering an 8% crash to 2200 in the SP in one day. What if I'd said, "there were no crashes that big except the -22% one in '87? Do you have an argument with that? And if not, you should accept that you're just bloviating about "-5%" as being critical to the discussion. Can you accept that?
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Just take your stop out and end the discussion.
 
Spooz Top 2 said:
Maybe.. Maybe not! I`m sure we were close....The only significant down days were LTCM from what I recall.

So, what do you have?
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I posted them already. Check out fall of 08. Multiple greater than -5%, April 14, 2000 and Oct 28, 1997.

What's up with you guys, seriously?
 
Guys, lets not argue. We can just give insight here. That said, eventually i will start looking to buy in small stages because i have no idea how far we go down. We can actually break below 2000 on the s&p 500 in the next month. Thats why buying during pull backs is the only way to buy in my opinion. I prefer buying index funds but thats just me since i blew up my trading account years ago.
 
FriskyCat said:
I posted them already. Check out fall of 08. Multiple greater than -5%, April 14, 2000 and Oct 28, 1997.

What's up with you guys, seriously?
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I really don`t care... Anything significantly less than 22% , like 5%... is more or less irrelevant , unless heavily short!
 
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