If it weren't for the credit downgrade of GM by S&P, I think the market would have stabilized near 940. Man, those A-holes at credit rating agencies are always late to the party but somehow think their belated opinions are important nonetheless. After all this is said and done, I wouldn't be at all surprised if a few of them will go bust like Arthur Anderson (remember them??)
ES Journal Archive (2006 - 2008)
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Quote from pulsescan:
close the market for 3 months? That has NEVER happened in U.S. history. No chance! The markets are to important for that. Now if the dow loses 30% in one day.....well thats a different story.
The NYSE was closed from July 31 to November 27, 1914 for World War I.
Bond trading resumed on November 28, 1914 and stock trading on December 12, 1914.
NYSE closed from March 6 to 14, 1933 for bank holiday.
also,shut down for 2 weeks after 911
I believe it was shut down during WWII also.
from what Im hearing,I would say its an 80-85% chance they shut it down within the next 2 weeks.this weekend offers them a golden opportunity to get started.
I believe it was shut down during WWII also.
from what Im hearing,I would say its an 80-85% chance they shut it down within the next 2 weeks.this weekend offers them a golden opportunity to get started.
lets launch the nukes..
long term system..
Maybe that blackbox meant 839 instead of 939
Quote from volente_00:
Maybe that blackbox meant 839 instead of 939
maybe its lucky 777's...
i completely agree, those fuckers need to be shot, they are the true financial terrorist. It's like the fire marshal standing at the back of a theater watching a cigar burn without saying anything, then when it finally turned into a huge blaze and people are trying to exit, they started screaming the roof may or may not collapse, causing a stamped.
With all the government strong policies, why dont they do something about those fucking credit agency, they dont serve ANY purpose in this environment but to cause panic.
Aig, lehman, gm etc i agree those companies are weak, but the crash are all started by the credit agency downgrade. Where the f were they 2 years ago?
/rant off
Tday theory only states that if the market is down that sometime intraday it will get back to green. It has never been based on a close. On monday night es went 50's to nearly 80, and from weds close es went from up nearly 40 points from the es low. If you choose to use cash, t day theory worked there as well on the move from 60's back to postive for the day which only ended up setting a trap but it is what it is. In a bear market T day theory is not going to work every single time if you are only using it for a positive close.
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