October 2nd 2006, Black Monday?

I think monday will start off down close to 100 points, and then rally for an ultimate gain. People are just plain scared of mondays in October.
 
Monday is a Jewish holiday I hear. Volume could be lighter, easy to move down. Hope they placed stop orders before taking the day off :p


p.s. I predict big crash day....blah blah...
Black [insert weekday here], sometime between now and the year 3036. GET READY FOR IT!!!!
 
Interesting that ER2 tanked much more than YM in the last hour today. Totally misread this and kept pulling my shorts waiting for an expected rebound into the close. Oh, well. It seems that lots of times ER2 moves first and stronger. Stay tuned. BTW I'm just doing intraday trades now myself. As I've mentioned in other threads, this market seems way overbought.
 
Everything's pointing to at least a counter trend in the first few days of next week. Hopefully (if you're a bear) the sitgma attached to October will send everyone into a nervous panic and crash the market.
 
HI BJG

What stigma are all refering to ?


Quote from bjg:

Everything's pointing to at least a counter trend in the first few days of next week. Hopefully (if you're a bear) the sitgma attached to October will send everyone into a nervous panic and crash the market.
More...
 
This will scare the pants off you, its a prediction for a huge crash (down to 450 for the S&P500) in October this year.

The basis for market Armageddon is

1. the four year persidential cycle which has a great record of producing a low in October

2. the S&P is in a blow-off stage (based on a very long-term chart)

3. fibonacci retracement of .618 to 450

http://www.safehaven.com/article-3983.htm
 
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