Today has all the makings of a crash !

NY_HOOD · Sep 17, 2008

when i say crash,i mean another 300 or more point down turn. the TED spreads have widened the most since the 1987 crash and everything else is supporting a perfect storm scenerio for a very large fall in the equity markets today. use extreme caution today. i am betting that many inexperienced traders went long at the bell yesterday thinking the strength would spil over into today. NOT THAT TYPE OF MARKET!

The Kin · Sep 17, 2008

Agreed. I say today is circut breaker day! Here we go!

MrDODGE · Sep 17, 2008

Fed says not going to happen and issues new naked short rules

The Kin · Sep 17, 2008

This week is the most epic financial battle of all time.

twofacedjoker · Sep 17, 2008

It's going to be green this week.

MrDODGE · Sep 17, 2008

Quote from twofacedjoker:

It's going to be green this week.

No doubt

magnum29464 · Sep 17, 2008

Quote from twofacedjoker:

It's going to be green this week.

Do you mean green as in positive?

forrestang · Sep 17, 2008

If we can get through this 1200 support area, we're going up.

Anyone have any thoughts on that?

MrDODGE · Sep 17, 2008

Quote from forrestang:

If we can get through this 1200 support area, we're going up.

Anyone have any thoughts on that?

We went through it yesterday. Technicals don't matter, it is all about the Fed bailing everyone out.

kowboy · Sep 17, 2008

Quote from NY_HOOD:

when i say crash,i mean another 300 or more point down turn.

Good call