Stock Market Looks Set To Really Crash Hard

Quote from saliva:

JUST WHAT THE HELL DOES "CRASH" MEAN? 10%, 20%, 50%?!

As I understand it, most of us are daytraders. Even if you were a moronic position trader, do you have the balls to hold your position throughout all the gyrations until the market actually crash and burn? I seriously doubt it.
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Actually, the majority of the people that post in the TRADING forum are college kids that are "paper-trading" . . . so yes, in they do in fact hold their POSITIONS all the way to the close on their "imaginary" trading platform - - - but only if they are "after-the-fact" winners.

Then they log on to ET and post about how brilliant they are.

:D
 
Quote from Landis82:

Actually, the majority of the people that post in the TRADING forum are college kids that are "paper-trading" . . . so yes, in they do in fact hold their POSITIONS all the way to the close on their "imaginary" trading platform - - - but only if they are "after-the-fact" winners.

Then they log on to ET and post about how brilliant they are.

:D
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Do you honestly believe what you are saying?

I trade actively and have 2 accounts (1 with TD ameritrade one with optionsxpress). Since I am never going to get my $10 corn move I may venture into Forex with 200:1 or 400:1 leverage.
 
First, do your own research. Look at your own charts.

We just broke 8000, and if you look up a chart on the SP 500, you will see that there is very little to no support after 800, until the 500 level.

INDU has some support around the 911 lows. then its off to 7000 as an even number support.

The final push, panic, capitulation looks to be in play if we close on the lows, below 8000 today.

Look at the Volume, look at the Advance Decline, look at the vix.

We could very well see 7000 before next week.
 
Quote from capmac:

retest of 7,800 coming ?
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lol nope

dow surges 300 points off lows

volume really picking up, and still 2 hours and 10 minutes of trading. Good time 2 cover now cause we could end the day up 400 points easily since the lows held and the huge hedge funds are loading up.
 
Quote from stock_trad3r:

lol nope

dow surges 300 points off lows

volume really picking up, and still 2 hours and 10 minutes of trading. Good time 2 cover now cause we could end the day up 400 points easily since the lows held and the huge hedge funds are loading up.
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Dude...shut up..
you have no clue...
seriously...you can't be a bull at 14000 and a bull at 7000 and have any credibility...you are just guessing...
 
Market held, looks like the test on the first try held. Could be a lot of short covering. Possible small buyers coming in.

Smart Money is still in cash.
 
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