After hours futures going beserk

[swtrader]

Quote from S2007S:

This is from May of 2009, looks like we have hundreds and hundreds of days before our next minor 10% correction, in the last 2 decades the s$p has gone thousands of days without a 10% pullback, it looks like were going to break these records. Looking for another 500 days without a 10% correction. That means keep buying the .50% dips.

notice all of those under 100 day runs were in the 1930s

 

[Petsamo]

Quote from S2007S:

I remember last week the dow was showing a 100+ at the opening, everything reversed by mid day, tomorrow the markets could open up huge and just sell off throughout the entire day.

I'll be looking for this. I'll sell, then repurchase at a lower price. I hope I don't screw it up.

 

[S2007S]

If you take notice of this chart you can realize that the 60% return on the s$p has happened in approx 200-220 days.

It took approx 761 days to see that same return from the 1987 correction. This economy is a lot worse today than it was in 1987.


Looking at this chart it seems the markets have at the most 10-20% upside left before any kind of correction takes place.

 

[Petsamo]

The Asians don't seem impressed. They're only up a half percent.

 

[piggie2000]

thats excatly why a big correction is coming. if you notice all the 60-100% returns took place over a 2-4 year period so it was a slow slow grind back and forth that allowed it. ALL THE SHORTER PERIODS WITH HUGE GAINS LIKE NOW HAD THE CORRECTIONS. also with so many problems from credit contraction to huge bank writeoffs to come theres a high likelyhood of a black swan event popping its head.

 

[stock_trad3r]

DJIA 14000 soon

 

[sub0]

This news just came out tonight...


Justice Department opens IBM antitrust probe
http://biz.yahoo.com/rb/091007/business_us_ibm_antitrust.html?.v=3


Will be interesting to see how IBM trades tomorrow and effects the DOW. It closed up a $1.43 to $122.78, may end up giving that back plus some. We'll see.

 

[cactus_trader]

Ive learned never to call tops or bottoms. As a trader I just look to take what I can get in the middle.

Hell, I remember selling SPY at 70 as I thought it was going go to lower. O man March was a riot

 

[Jym]

Well looks like I should have bought more than just one SSO call haha

 

[Random.Capital]

Quote from piggie2000:

ALL THE SHORTER PERIODS WITH HUGE GAINS LIKE NOW HAD THE CORRECTIONS.

That isn't a meaningful statement. "Shorter periods" by definition only includes those that are followed by corrections.