Posted by marketguy on 9th of Nov 2011 at 09:56 pm
kalinm, do the same study but back it up to 10/07-4/09 and see
how many of those candles there were (and if any were off
tops...I'd guess there were plenty but could be wrong)....
Was a vicious down day off a top. 1255 to 1205 -- incidentally,
similar values to today. This followed the short ban on financials
and led to the October massacre -- 15 days later, SP was at 840 as
a low. What is not similar to 2008 is that fundamentals now
are decidedly WORSE; Bernanke is a lame duck Fed with no more ammo
left.
kalinm, do the same study
Today's big red candle; thoughts?
Posted by marketguy on 9th of Nov 2011 at 09:56 pm
kalinm, do the same study but back it up to 10/07-4/09 and see how many of those candles there were (and if any were off tops...I'd guess there were plenty but could be wrong)....
Sept 22, 2008
Posted by kalinm on 9th of Nov 2011 at 10:19 pm
Was a vicious down day off a top. 1255 to 1205 -- incidentally, similar values to today. This followed the short ban on financials and led to the October massacre -- 15 days later, SP was at 840 as a low. What is not similar to 2008 is that fundamentals now are decidedly WORSE; Bernanke is a lame duck Fed with no more ammo left.
hmmmm......
Posted by marketguy on 9th of Nov 2011 at 10:27 pm
hmmmm......