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.
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.
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.
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.
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.....
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.
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