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why there is sudden down?
- Thread starter stocktrader2007
- Start date
Two factors in China one the ping pong effect from our weak day. Two the Peoples Congress tends to bring out the worst in Chinese stocks. it's only happens once ever 5 years and stks have gone down shortly thereafter every time and quite a bit. This is when they will come out of meetings and announce new stricter governance over trading higher margin requirements yuan moves etc. And v various ministers are placed and you get an idea what your looking at going forward....
3:35 and a battle is going on S&P was just down 1.90 now over 3.00 Dow holding strong at 46 if the dow was to late drop here all bets are off for tomorrow and then Google that can't be good....
Ugh.
3:35 and a battle is going on S&P was just down 1.90 now over 3.00 Dow holding strong at 46 if the dow was to late drop here all bets are off for tomorrow and then Google that can't be good....
Ugh.
Quote from stonedinvestor:
This is crazy boys and gals. Normally I might rush to call a bottom on a day like today... With all the money flowing out of US funds we are vulnerable to a late and sneaky thrust down today... Not to mention China ought to tumble out of bed. Be careful~ stoney
The thing is that there are a ton of hedge funds who already have puts to hedge them in a downturn.. Usually, you need an atmosphere where nobody is mentioning the word crash. Just feel like if we go green today, a lot of shorts could be in trouble.
There wont be a major selloff because there is no china bubble
I agree You can feel the computers hiding in the weeds. They want to buy the S&P.
If the DOW would have ticked down to 67 finish today from up 100 it would really set the technicians into a tizzy, conversely a flat finish fighting back from being down 80 or so you could argue we are groping for a short term bottom!
The trouble is all the kindling for rallies was whisked away with the $ outflows last month. The VIX is currently minus 3% on the day. People are acting like they need to be taught a lesson. And EBAY probably won't get it done.
Still a nice effort at stability today~ stoney
If the DOW would have ticked down to 67 finish today from up 100 it would really set the technicians into a tizzy, conversely a flat finish fighting back from being down 80 or so you could argue we are groping for a short term bottom!
The trouble is all the kindling for rallies was whisked away with the $ outflows last month. The VIX is currently minus 3% on the day. People are acting like they need to be taught a lesson. And EBAY probably won't get it done.
Still a nice effort at stability today~ stoney
Expecting another huge drop before month end...
Happy Haloween
Happy Haloween