500+ Point Drop By Close

silvermotion · Mar 14, 2008

PPT kicked in

Were saved!!!

drsteph · Mar 14, 2008

Quote from itcanbedone:

i bet we go green. Rate cut on Monday :eek: :eek:

uh huh. Long C - but with calls so I can at least control my risk.

dumpandbasher · Mar 14, 2008

Quote from itcanbedone:

i bet we go green. Rate cut on Monday :eek: :eek:

Why the hell would they cut on Monday when they are meeting on Tuesday? Only if the Dow was down 1000, then they might cut Monday.

stock_trad3r · Mar 14, 2008

This imaginary recession is so painful. Dow down a whole 140 points. Make it stop.

makloda · Mar 14, 2008

Quote from ByLoSellHi:
Wait until the witching hour, post 3:30 est.

Panic.

Oh the panic!

wiesman02 · Mar 14, 2008

Oh panic might come. This correction after the run-up looks more like a sell-off.

stock_trad3r · Mar 14, 2008

Fed will slash 75 next week. Expect another rally, even though 75 point cut is anticipated.

silvermotion · Mar 14, 2008

Quote from stock_trad3r:

This imaginary recession is so painful. Dow down a whole 140 points. Make it stop.

dow down 213, and its a almost a 400pts run from the high to low of session.

imaginary recession sure hits like a real one.

ByLoSellHi · Mar 14, 2008

Good job PPT.

But we'll see you on Monday, won't we?

syswizard · Mar 14, 2008

Great call. As you can see, there is a lot of nibbling on the long side at these low, low levels.
Fierce support at Dow 11800 I would say.
Also, the fact that Bear stayed near 30 was pretty impressive.
Monday of course could be a whole different story.