Will the low from Friday 10/10 hold?

[MrDODGE]

Retesting a low only 3 trading days later IS NOT A TRUE TEST!!!

 

[dinoman]

I think the 2001 DOW lows were 7200 and change. I think we breach that buy about 400 points.

This is far as I can analyze this due to time and information.

Trillions pumped into the system and all we get is a hard bounce that flops just as fast. That should tell you something right there.


The whole PE thing could prove me wrong though, for that is way better than in was in 2001.

 

[btud]

The trillions pumped don't do shit right now because they're just being hoarded by banks, and not let to circulate and really feed the credit markets. It's like pumping into a leaking tire. Unless you fix the leak, it won't inflate.

 

[cunparis]

Interesting results as of close:

Yes 21 38.89%
No 33 61.11%


Note that the poll didn't have a time frame on it, so here is a new poll

Have we seen the bottom?
http://www.elitetrader.com/vb/showthread.php?s=&threadid=141515

 

[iceman1]

Quote from theboxer:

I will shit my pants if the Dow does not eventually test 7500; that's how strongly I feel about it. I rarely feel that strongly about something. And I might be a buyer at 7500 (though not an unpatriotic short seller now).

I actually think the lows will hold! I must be deluded...??

 

[S2007S]

Those lows will not hold.

More writesowns coming.

ARMS still resetting.

Foreclosures still on the rise.

Unemployment rates going to the double digits.

GDP going below 0%.

Etc Etc Etc......

 

[iceman1]

Quote from S2007S:

Those lows will not hold.

More writesowns coming.

ARMS still resetting.

Foreclosures still on the rise.

Unemployment rates going to the double digits.

GDP going below 0%.

Etc Etc Etc......

and NONE of this is priced in?? LOL

 

[luckyluciano]

Just watching Donny Douch & Cramer, soon to be Joe the Plummer! LOL! Nothing but paralysing FEAR spewing out of their mouths. Warning of hard times for next 5-10 years.

"We have nothing to fear but fear itself"...obviously we have learned NOTHING!

 

[Free Thinker]

Quote from iceman1:

I actually think the lows will hold! I must be deluded...??

i agree. the margin man finished his work at least for a while this morning and did not return at the close.

 

[paysense]

yup