October 19th 2010 = watch out

Quote from Airwaves:

Quite likely.
Dips should be bought
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Based on what? The best possible outcome for everything (QE2, elections, etc.) is more than priced in right now. Sure, it can go a little longer on Fed POMO, the SEC selectively cancelling trades (short/sell trades only, of course), etc., but the market is like an aging, injured athlete running solely on steroids, growth horomones and pain killers. It will end soon enough and won't end well.
 
Quote from PaulRon:

can you guys not see the double top forming?
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I don't see a chart, so no, I do not see a double top forming.
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this day isn't so bad, thought the markets would be under more pressure, semis are almost in positive territory. There is a chance semis could put in some gains and lift the entire market.
 
I guess we still have 3 hours left :]

Quote from joe4422:

You heard it here first. October 19th 2010 = watch out. The biggest one day drop ever in the stock markets will take place.
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Imagine if apple and ibm were up, whewww, these markets would be up an easy 2-3% today.


Rally time is coming up shortly, semis and financials in the green and ready to lift the markets up, get ready to buy now.
 
Quote from S2007S:

Imagine if apple and ibm were up, whewww, these markets would be up an easy 2-3% today.


Rally time is coming up shortly, semis and financials in the green and ready to lift the markets up, get ready to buy now.
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Semis and financials haven't even broken their August highs. They are hardly evidence of anything other than massive divergences and a manipulated/unstable rally.
 
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