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re: DOW tomorrow: over/under 500 point loss?

Posted on 8/7/11 at 8:46 pm to
Posted by Camp Randall
The Shadow of the Valley of Death
Member since Nov 2005
17172 posts
Posted on 8/7/11 at 8:46 pm to
Under
I say 220
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135378 posts
Posted on 8/7/11 at 10:18 pm to
under
Posted by Lithium
Member since Dec 2004
63966 posts
Posted on 8/7/11 at 10:22 pm to
300
Posted by Interception
Member since Nov 2008
11089 posts
Posted on 8/7/11 at 10:26 pm to
As of Friday, the Dow will be closer to which number?

12,000

11,500

11,000

10,500. (I think it's another down week with crazy volatility)

10,000
This post was edited on 8/7/11 at 10:44 pm
Posted by Athanatos
Baton Rouge
Member since Sep 2010
8176 posts
Posted on 8/7/11 at 10:41 pm to
He closed his fund only to "outsiders", which equated to less than $1bn being returned. Still manages more than $25bn.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 8/7/11 at 10:44 pm to
9% in a week? Can I go out on a limb and say that's maybe happened 3 times (Black Friday, Black Tuesday, Lehman Week)? Props for the bold prediction if you can back it up with some kind of rationalization.
Posted by Interception
Member since Nov 2008
11089 posts
Posted on 8/7/11 at 11:24 pm to
Kfizzle, I was talking more about by Friday this week. Still, I think we come close to 11,000 on Monday. Hang Seng was off 4% today.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 8/7/11 at 11:33 pm to
That's what I get for not giving a shite about George Soros and only reading the headline.
Posted by The Easter Bunny
Santa Barbara
Member since Jan 2005
45654 posts
Posted on 8/7/11 at 11:34 pm to
futures have the DOW at 11,121 I think we're closer to 11000 than 10500 on Friday, though
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 8/7/11 at 11:34 pm to
I do not understand what you are saying. You wrote the volatility comment next 10,500, which to me implied you think we will be down to 10,500 on the DJIA by Friday. Is that what you're saying or no?
Posted by Interception
Member since Nov 2008
11089 posts
Posted on 8/7/11 at 11:59 pm to
Thats right, I think the DJIN will be closer to 10,500 than 11,000 by Friday...
This post was edited on 8/8/11 at 12:00 am
Posted by houstontiger
hobby airport
Member since Jan 2005
962 posts
Posted on 8/8/11 at 12:27 am to
think about it, sp downgrade is a non issue. i find its funny france/uk at AAA . if sp doesnt downgrade the rest of europe they imo lose all credibility.

i think the hugh gap down at the open is a gift for the shorts to cover. it would not surprise me to see the market close monday flat or in the green. something tells me with gold futures currently +$35 the big players will take gold down and into the red by the close.

i am looking to make some serious dough tomorrow playing the bounce.
This post was edited on 8/8/11 at 12:35 am
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 8/8/11 at 1:12 am to
I don't understand your clarification then...
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 8/8/11 at 1:14 am to
I don't understand your clarification then.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 8/8/11 at 1:24 pm to
Over with an hour and a half left to go!

Posted by Interception
Member since Nov 2008
11089 posts
Posted on 8/8/11 at 1:28 pm to
No shite. It's not like Europes debt is any better than ours. Downgrades in Europe should be coming shortly.
Posted by DWaginHTown
Houston, TX
Member since Jan 2006
10174 posts
Posted on 8/8/11 at 3:02 pm to
damn....600!
Posted by igoringa
South Mississippi
Member since Jun 2007
12264 posts
Posted on 8/8/11 at 3:07 pm to
quote:

i think the hugh gap down at the open is a gift for the shorts to cover. it would not surprise me to see the market close monday flat or in the green. something tells me with gold futures currently +$35 the big players will take gold down and into the red by the close.

i am looking to make some serious dough tomorrow playing the bounce.




Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 8/8/11 at 3:08 pm to
DJIA gets the press because of the large absolute number, even though every one knows the S&P is much more representative, and its down more than an entire percentage point more than the DJIA, 6.6%, almost in line with the NASDAQ. I will be the first to admit, way uglier than I expected, although I still don't think more than 2 or 3% was justified based solely on the downgrade.
Posted by houstontiger
hobby airport
Member since Jan 2005
962 posts
Posted on 8/8/11 at 4:09 pm to
Nostradamus aint got nothing over me!

keep your powder dry!!!! today market taught me to trade what you SEE not WHAT YOU THINK. good luck to all

what was frustrating today was the new uptick rule on shorting stocks that are down +10%.
This post was edited on 8/8/11 at 4:14 pm
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