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Looks like the markets will test the 10/27 bottom today

Posted on 11/12/08 at 9:43 am
Posted by Tigris
Mexican Home
Member since Jul 2005
12339 posts
Posted on 11/12/08 at 9:43 am
Down 3.4% and falling and only 2.3% away.
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 11/12/08 at 9:57 am to
buy, buy BUY!!!
Posted by Powerman
Member since Jan 2004
162190 posts
Posted on 11/12/08 at 10:08 am to
You're joking right?
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 11/12/08 at 10:30 am to
Of course. This pig (S and P) is going to 500.
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15034 posts
Posted on 11/12/08 at 11:16 am to
quote:

You're joking right?
Of course. This pig (S and P) is going to 500.

Oh frick! As soon as JT said "Buy!" I went all in!

*faints*
Posted by Tigris
Mexican Home
Member since Jul 2005
12339 posts
Posted on 11/12/08 at 4:04 pm to
Woo-hoo! The bottom held. Closed at 849 on 10/27 and was held back to 852 today. Disaster has been averted.
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 11/12/08 at 4:11 pm to
also didn't violate the intraday low on 10/12. In fact, the trend line from 10/12 low through the 10/27 low also held. I'm sitting on my hands for now. Although I'm going to be pissed if we break down and I miss a big move.
Posted by TigerRanter
Louisiana
Member since Feb 2005
6703 posts
Posted on 11/12/08 at 10:56 pm to
The S&P futures were really bad after the bell when the Intel outlook came out.
Posted by ForeLSU
The Corner of Sanity and Madness
Member since Sep 2003
41525 posts
Posted on 11/12/08 at 11:37 pm to
quote:

Of course. This pig (S and P) is going to 500.


I'm not sure we'll see 500 without another couple of significant failures, i.e. 2 out of the Big 3, or a pseudo-financial along the lines of a GE or Cisco.
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 11/13/08 at 10:25 am to
quote:

I'm not sure we'll see 500 without another couple of significant failures, i.e. 2 out of the Big 3, or a pseudo-financial along the lines of a GE or Cisco.


Like I said - 500.
Posted by ForeLSU
The Corner of Sanity and Madness
Member since Sep 2003
41525 posts
Posted on 11/13/08 at 10:50 pm to
quote:

Like I said - 500.


I just have a hard time believing this...but yet, you haven't lied to us yet.
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