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#1
08-15-2007, 07:16 PM
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Where is support? Black Thursday or Black Friday?
As the smaller chart below plainly demonstrates support has been breached. Also professional traders again added to short interest and that selling has continued into the nite session with further new lows.
What are the chances of record or near record downs tomorrow or Firday? 
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#2
08-15-2007, 07:22 PM
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Re: Where is support? Black Thursday or Black Friday?
I will prop. bet you that the dow does not close with a single day drop of over 450 points either tomorrow or friday. Ill lay you 1.5-1 odds and bet up to 1000$. Ill require escrow of course
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#4
08-15-2007, 08:13 PM
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Re: Where is support? Black Thursday or Black Friday?
[ QUOTE ]
What are the chances of record or near record downs tomorrow or Firday? [/ QUOTE ] who cares? as long as youre short youre fine
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#5
08-15-2007, 08:19 PM
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Re: Where is support? Black Thursday or Black Friday?
[ QUOTE ]
[ QUOTE ] What are the chances of record or near record downs tomorrow or Firday? [/ QUOTE ] who cares? as long as youre short youre fine [/ QUOTE ] I might need to shorten my position a bit more. My stocks are really hitting floor prices though. Many of them will have to go thru serious resistance go further down. Will be intersting to see what happens tomorrow.
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#6
08-15-2007, 08:41 PM
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Re: Where is support? Black Thursday or Black Friday?
Started a thread two weeks ago in an attempt to warn posters of this mess forthcoming, unfortunately it was closed/deleted by the powers to be.
I doubt the market will fall over 500 pts on one particular day.........however, we could see a 500 pt decline in the two days combined. If I had to guess, would say the market will be down only slightly in the coming two market days(20-200 pts).
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#7
08-15-2007, 08:56 PM
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Re: Where is support? Black Thursday or Black Friday?
I'm guessing the next support will be around the low levels of March and that would be around 1375 for this indice and 12k for the DJIA. That's what I would aim for if I was short
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#8
08-15-2007, 08:58 PM
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Re: Where is support? Black Thursday or Black Friday?
[ QUOTE ]
I'm guessing the next support will be around the low levels of March and that would be around 1375 for this indice and 12k for the DJIA. That's what I would aim for if I was short [/ QUOTE ] Sounds about right......
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#9
08-15-2007, 09:38 PM
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Re: Where is support? Black Thursday or Black Friday?
i predict the market will close up on the day either tommorow or friday... everything gets so overhyped these days seriously its black tuesday in america every 2 weeks, then the next week everybody is buying again cause ZOMG such great value
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#10
08-15-2007, 09:43 PM
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Re: Where is support? Black Thursday or Black Friday?
[ QUOTE ]
I will prop. bet you that the dow does not close with a single day drop of over 450 points either tomorrow or friday. Ill lay you 1.5-1 odds and bet up to 1000$. Ill require escrow of course [/ QUOTE ] Just go write some aug spx puts. gl with 1.5-1
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