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Started By
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Posted on 8/7/11 at 10:26 pm to Cosmo
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
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 on 8/7/11 at 10:41 pm to kfizzle85
He closed his fund only to "outsiders", which equated to less than $1bn being returned. Still manages more than $25bn.
Posted on 8/7/11 at 10:44 pm to Interception
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 on 8/7/11 at 11:24 pm to kfizzle85
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 on 8/7/11 at 11:33 pm to Athanatos
That's what I get for not giving a shite about George Soros and only reading the headline.
Posted on 8/7/11 at 11:34 pm to Interception
futures have the DOW at 11,121
I think we're closer to 11000 than 10500 on Friday, though
Posted on 8/7/11 at 11:34 pm to Interception
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 on 8/7/11 at 11:59 pm to kfizzle85
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 on 8/8/11 at 12:27 am to Interception
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.

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 on 8/8/11 at 1:12 am to Interception
I don't understand your clarification then...
Posted on 8/8/11 at 1:14 am to Interception
I don't understand your clarification then.
Posted on 8/8/11 at 1:24 pm to kfizzle85
Over with an hour and a half left to go!

Posted on 8/8/11 at 1:28 pm to houstontiger
No shite. It's not like Europes debt is any better than ours. Downgrades in Europe should be coming shortly.
Posted on 8/8/11 at 3:07 pm to houstontiger
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 on 8/8/11 at 3:08 pm to DWaginHTown
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 on 8/8/11 at 4:09 pm to kfizzle85
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%.
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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