Uh on... Futures selling off quickly. Black Wednesday

Reaver · Jan 22, 2008

Quote from Compulsive:

:eek:

LOLOLOLOL

That and the refund pic had me crying earlier today. ha ha ha

99atlantic · Jan 22, 2008

dj -150 and nikkei from +5% to +0.5%.

It's crumbling.

donnap · Jan 23, 2008

Quote from Reaver:

LOLOLOLOL

That and the refund pic had me crying earlier today. ha ha ha

Geez, I'm gonna start seeing that guy in my dreams.

TradEStar · Jan 23, 2008

Sold 1324.00 in the ET chatroom today and called out my last target was at 1294.00..flat now with a +30.00 point hit on my last 1/6'th. You can keep selling the rallies, this market weakness is not over with yet.

der_kommissar · Jan 23, 2008

Quote from TradEStar:

Sold 1324.00 in the ET chatroom today and called out my last target was at 1294.00..flat now with a +30.00 point hit on my last 1/6'th. You can keep selling the rallies, this market weakness is not over with yet.

Where's that MP site you used to be affiliated with?

TorontoTrader2 · Jan 23, 2008

no one here's heard of a double bottom?

TradEStar · Jan 23, 2008

Quote from der_kommissar:

Where's that MP site you used to be affiliated with?

Never been affiliated with a MP site? I did spend time learning MP from the IOAMT room a few years ago..maybe that is what you were talking about.

TradEStar · Jan 23, 2008

Quote from TorontoTrader2:

no one here's heard of a double bottom?

Even better..how about a "lower low"..

S2007S · Jan 23, 2008

I wouldn't be surprised to see the dow drop below 11500 very soon. The federal reserve should have held off on cutting rates, they should understand that cutting rates was the wrong way to go, they have to understand that its OKAY to have a slowing economy, that its OKAY to have a recession once in a while. Recessions make for a healthy economy, trying to stop an economy from going into a recession will only make for a worse recession.

sumosam · Jan 23, 2008

I agree that a recession is part of a healthy cycle. Whether rates were cut or not cut we are in a recession. Seems like all the Central Banks wanted a cut last week. I think they are concerned about an outright panic taking hold.:eek: