A Prediction from Urban Survival for Thurs 2/19/09 Stock Markets down 800 to 1000

Persoanlly, I don't know how much stock (lol) I put into Webbot or this Timewave thing - honestly I haven't done my homework so I don't feel as if I can make an informed intelligent comment in regards to their respective predictability.

However, I like to hear about these issues and follow their manifestations.

-46.99 at 12:20.

Looks like George was wrong on his guess, - which is a good thing.

The market is only down 27 points at 1:14pm

reply to post by questioningall


Yep...the PPT strikes again...
can't have the DJIA close below the Nov lows...

It takes a lot if the Dow shall plunge 1000 points, thats over 13%, something in the range of a terror strike on US soil or some huge bank defaulting. It won't happen, it was wishful thinking from Mr Webbot, a daydream from a shorter.

Energy sector is strong, oil is up.

[edit on 2009/2/19 by reugen]

Very unlikely! It's almost 2:00pm in NY....and no movement at all (if you straighten it out to trend)

reply to post by thegreatobserver


No black swan, i looked and i looked but nowhere, that 5 sigma event must have flewn away.

Dow 7,465.95 -89.68 (-1.19%)
S&P 500 778.94 -9.48 (-1.20%)
Nasdaq 1,442.82 -25.15 (-1.71%)
10y bond 2.84% -0.01 (-0.35%)

Well it did reach a six-year low:

US STOCKS-Dow falls to 6-year low as banks slide

www.abovetopsecret.com...

[edit on 19/2/09 by Evasius]

Dow on free fall, over 100 points down 1 minute into trading
one liner not

I think George was off one day, I will keep a close watch on the dow today, see if they have to close market for awhile,

You need to watch a little more than the first 5 mins, remember that your going to see a big drop in the mornings when the futures were down. I still think we will see a loss today but nowhere near what he was calling for. I seriously doubt markets will be halted today. IMO the market will even out in thier trading and we will see a loss around 200 points or so.

The thing to keep your eye on today would be the price of gold. Getting real close to the all time high of 1003

I'm going to wait til 3 today as that seems to be where the action starts to pick up.
I don't see it going up,I think its gonna have a struggle at 3 to try to prop the markets up.
I say down 150 at end of day.

It seems it is off one day, the pressure was on this morning and now at lunchtime - cst - the markets are going farther down. Down around 200 all of a sudden.

CNBC people are wondering why, and what is going on....

we will see if this keeps going and a "surprise" drop - like George predicted would happen - after lunch.

I love George. I'd be lost without his other-side-of-the-coin perspective but he was just ruminating. 800 to 1000 pts isn't exactly what we;re seeing now is it? Of course the market is sliding, why wouldn't it be? Options are expiring today, it's the end of the week, people are talking bank nationalization. There's nothing BUT downward pressure. But we won't see any 800 - 1000pt single session drop as he mentioned. Nor a early market close. Not today. Stay tuned for Monday. That could be a ride.

Well the rally has started...it hung at 100 to 150 most the day and now it is at 53.Good old close to 3 rally.
I still maintain 150 end of day today.DOW
TSX Might close with a bigger loss tho i think.We lost almost 600 points this week.
Monday would seem more likely to me.

Dow back up to minus 90 as i typed.

[edit on 20-2-2009 by DrumsRfun]

[edit on 20-2-2009 by DrumsRfun]

[edit on 20-2-2009 by DrumsRfun]

reply to post by DrumsRfun


It's not gonna drop 1000 on Monday!
Don't get me wrong here. I do believe that financial markets and structures will come down in the near future. You don't need to be a prophet to figure that out. BUT it will happen step by step.
Sept. 2008 was the first step. I think March 2009 will be the second. And, NO, that not a prediction from looking at a crystal ball. BofA and Citi are are most likely the next to go.
And they will drag a lot with them.....

reply to post by thegreatobserver


I agree it is a bit unlikely but there is that odd chance.
Back a few months ago I saw a loss of 777 in one day.I think it was as soon as it hit 8000 then it tanked if I can recall properly.
Whats happened in the last week seems like a precurser.
The buying up of the American dollar last week in Asia has me watching for the next huge loss.
It might be unlikely but is still a real possibility in my uneducated opinion.
I do agree citi and b of a are next in line.

I doubt it'll drop that drastically in one day; Now in one week I can see it dropping that much.

I think we will keep seeing drops, especially with Soro's and other big names coming out and saying we are no where near the bottom.