Black Monday Oct 31, 2011

Quote from nitro:

I have never made these sorts of predictions, but there it is. I think we see intraday limit down moves in many stocks, or 10%. We may see index daily limits set, although that is far less likely.

This won't be a "Flash Crash", but a real crash.
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nitro's daughter's Father's Day prayer ....

Dear God, this year please send clothes for all the poor ladies in daddy's computer - Amen.
 
Pure bullshit selloff because this is not a trend reversal.

This thing will end up higher for the week.

Great buying opportunity... if you leg in you may find your self long in another bullshit rally. But hey, if your long, who cares.

Yes, I'm super Bearish on American in general but you can't fight the puppet master (FED).
 
Quote from Ghost of Cutten:

You forgot the first rule of soothsaying - predict an event or predict the date something big will happen, never predict both.
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Well, we have to give at least a B+ for the prediction, the market sold off 2.45% on the given date. Not a crash, but if you shorted on Friday at the close, you made decent money.

Right now the ES is 40 pts lower than the Friday's high, and the Dow did close under 12K...

So I say, Nitro gets B+ :)
 
Quote from Pekelo:

Well, we have to give at least a B+ for the prediction, the market sold off 2.45% on the given date. Not a crash, but if you shorted on Friday at the close, you made decent money.

Right now the ES is 40 pts lower than the Friday's high, and the Dow did close under 12K...

So I say, Nitro gets B+ :)
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B+ it is
 
in the spirit of PTI - I'd give it a C++

My NDX and OIH puts were up almost 55%. Looks like more downside... but gotta check my dart board's fair value.
 
Quote from EMRGLOBAL:

Pure bullshit selloff because this is not a trend reversal.

This thing will end up higher for the week.

Great buying opportunity... if you leg in you may find your self long in another bullshit rally. But hey, if your long, who cares.

Yes, I'm super Bearish on American in general but you can't fight the puppet master (FED).
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Don't get upset... but are you a contrarian indicator?? Just a few days ago if I am not mistaken you were looking for a large sell-off. Now when we start down you are looking for the opposite direction. What is the basis for your view... "bullshit selloff" and "puppet master." Is that the basis for analysis... I will have to try it :-)

What does it mean "not a trend reversal. No one can possibly conclude that after ONE day. Trend reversals do not always confirm immediately. Now, if you said this was not a "key reversal", I'd agree. But whether its a ST top or not, remains to be seen.

That said, I agree we probably end higher by Friday merely because it is November. But it's not for sure.
 
Quote from Pekelo:

Well, we have to give at least a B+ for the prediction, the market sold off 2.45% on the given date. Not a crash, but if you shorted on Friday at the close, you made decent money.

Right now the ES is 40 pts lower than the Friday's high, and the Dow did close under 12K...

So I say, Nitro gets B+ :)
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He gets an A+ for luck, that's for sure!
 
Quote from nitro:

I have never made these sorts of predictions, but there it is. I think we see intraday limit down moves in many stocks, or 10%. We may see index daily limits set, although that is far less likely.

This won't be a "Flash Crash", but a real crash.
More...

This is not a crash. It was/is a pullback. It was obvious.
 
Quote from Blackhawk:



He did the Crash
He did the Monster Crash
The Monster Crash
It was a graveyard smash
He did the Crash
It caught on in a FLASH
He did the Crash
He did the Monster Crash
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I've been singing this all day long

Thanks Blackhawk
 
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