Meltdown..4000 ? tomorrow ? (edited 10/10 -it's a meltdown! 3900 )

purch

It also needs a close above the previous day's high !!!!

That bounce is looking bigger and bigger :eek:

IT_nerd

kittie wrote: »

I have been waiting for capitulation (we aren`t there yet) it needs massive volume to show stock has been dumped and fear is max

How do you see that? What numbers are you watching?

black_taxi_2

fundalmentals dont matter anymore--fear/panic

[Deleted User]

capitulation + big volumes on max fear = bottom reached then rise will follow but it will not be a big bounce. The bottom will have to be put in place first. The rise will be slow and investors will climb a wall of worry

edit: panic = dumping of stock but massive volumes are needed. I expect turn to start around 3rd week this month

no more from me now

IT_nerd

Back over 4000 now :P

Day traders should be doing OK.

IT_nerd

kittie wrote: »

wall of worry

You should write for newspapers! :rotfl:
I have a feeling there will be a 100+ point rise after the weekend as investors have full 2 days to look at what's going on and think more rationally.
That's just a social observation, not a stock market one.

black_taxi_2

scary thing is--what will dow do late on

---

if it breaks 8000---will be a very long weekend

coolio_2

What i don't understand is that the UK banking situation appears to be in a better shape than the US. Yet i check the ex rate and the dollar is spanking the pound

MrTGB

coolio wrote: »

What i don't understand is that the UK banking situation appears to be in a better shape than the US. Yet i check the ex rate and the dollar is spanking the pound

The yanks don't have Gordon & Alistair running their economy.

black_taxi_2

USA economy expected to recover faster than UK

UK bail out plan same figure as USA-- yet 1/5 the size

also dollar is safe haven times of panic