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dow dropping 250 pts 1 min after opening

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posted on Oct, 6 2008 @ 01:11 PM
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Index Value: 9,699.75
Trade Time: 2:10PM ET
Change: 625.63 (6.06%)



There you go, below 9700



JSR

posted on Oct, 6 2008 @ 01:11 PM
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reply to post by ghostlandseller
 


i think your right, though it could just hit the 9700 and bounce.

very close right now. wont have to wait long to see. lets hope for a bounce.

------edit----------
damn that was fast.................



[edit on 6-10-2008 by JSR]



posted on Oct, 6 2008 @ 01:12 PM
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sorry for the double post

[edit on 10/6/2008 by secretstash]



posted on Oct, 6 2008 @ 01:12 PM
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Originally posted by ghostlandseller
Im just waiting fo it to break the 9700 mark. its eminent.


this could spell a very bleek close.. im wondering if were going to break the 777 on last monday.


There it is!!!!

Dow 9,694.73 -630.65 -6.11%



posted on Oct, 6 2008 @ 01:16 PM
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Ok i'll ask again, if the DOW closes around 9700, will that lead to massive sell offs tomorrow and a true crash of the economy?



posted on Oct, 6 2008 @ 01:19 PM
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reply to post by ImaginaryReality1984
 


That's hard to say. I think you have to look at what happens tonight and tomorrow morning in Asia and Europe. If they're down again, then yes it will probably get worse here.


JSR

posted on Oct, 6 2008 @ 01:19 PM
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Originally posted by ImaginaryReality1984
Ok i'll ask again, if the DOW closes around 9700, will that lead to massive sell offs tomorrow and a true crash of the economy?


ill give my answer........i dont know.

i only stated that 9700 mark, because it hit around 9700 and bounced way up. that usually signals a collective bottom, even it it is a temporary one. there is no real mark to measure that i know of right now.

im no expert...........



posted on Oct, 6 2008 @ 01:19 PM
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reply to post by ImaginaryReality1984
 


I think tomorrow is going to be a bad day regardless of where it closes. I expect it will be a bad week.



posted on Oct, 6 2008 @ 01:20 PM
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Looks like it may close below 9600... if not worse. :\



posted on Oct, 6 2008 @ 01:20 PM
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reply to post by JSR
 


Forget the "bottom" ... 9650 now and further tanking.



posted on Oct, 6 2008 @ 01:21 PM
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the sell offs will be overnight in the asian markets and the europe markets
thats how this started here in the first place. it will continue into europe and Asia. but we are having steady down movement. this isnt a roller coaster. this is jsut down! look at the chart ofr the Dow today. it is leveling off arounf 9700. Its wheither it jsut stays here or gues under. The next few minutes will be pretty important. But were closing down regardless but i dont think its crazy to possibly see a big buy rally about the last hour. People will either rally huge or it will just plummet.

OH SHOOT its jsut tanked!!!! 9650!!! iT WENT UNDER

HERE WE GO!!!


JSR

posted on Oct, 6 2008 @ 01:22 PM
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reply to post by Terrapop
 


yea...i saw that.

like i said im not an expert. but, i did say if it broke 9700 it would fall. and it is. so, i was half right




posted on Oct, 6 2008 @ 01:25 PM
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Originally posted by JSR
reply to post by Terrapop
 


yea...i saw that.

like i said im not an expert. but, i did say if it broke 9700 it would fall. and it is. so, i was half right



It just went down to 9600 briefly, this is pretty bizarre, and nearly 2 and a half hours left til closing bell



posted on Oct, 6 2008 @ 01:25 PM
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its going under 9600!!!!!!!!!!!!!!! THIS IS THE MOST AMAZING THING I HAVE EVER SEEN!!!!!!!!!!! in stocks...



posted on Oct, 6 2008 @ 01:26 PM
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It's at 9740 and change now . . .

When a trader or investor wants to avoid the risk of the overnight trading, they’ll sell off their positions in the last hour or show as a way of mitigating what could happen overnight. Buying in the last hour generally shows bullishness with respect to what they believe could happen overnight.

Last Hour Sell = bad feelings about overnight trading
Last Hour Buy = good feelings about overnight trading

Which would you bet on at this point?



posted on Oct, 6 2008 @ 01:27 PM
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reply to post by JSR
 


I know and did not want to attack you, but just am shocked about what is happening right now.

DOW now lost 700 points



posted on Oct, 6 2008 @ 01:28 PM
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I bet it breaks 1000 before closing today.

1 1/2 hours to go and down 719



posted on Oct, 6 2008 @ 01:29 PM
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God. I don't want to see tomorrow....

THIS IS AWFUL, -700 DECLINE IN DOW!

I can only imagine how bad it will be tomorrow....



posted on Oct, 6 2008 @ 01:30 PM
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reply to post by secretstash
 


I bet it won't

Hey someone has to be the optimist i guess I'll be the monkey that gets ripped for being wrong


JSR

posted on Oct, 6 2008 @ 01:31 PM
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reply to post by Terrapop
 


yea...im shocked too. i just didnt want anyone to take me seriously.




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