this bear leg or eventually the long term bottom?
eventually we likely going below 7k IMO
but expecting a near term dead cat bounce in this bear market anyday
bear markets are very volatile and don't go straight down
whatever number we get to
a long term bottom won't be reached for another year or two IMO
my calls for a bottom more based on time frame than numbers
eventually we likely going below 7k IMO
but expecting a near term dead cat bounce in this bear market anyday
bear markets are very volatile and don't go straight down
whatever number we get to
a long term bottom won't be reached for another year or two IMO
my calls for a bottom more based on time frame than numbers
If we go below 7500 only God knows where we stop.
This has been a precipitous 7 days (about a 25% haircut). I think pretty soon all the sellers will be cleared out. That will leave the "ride it through" types. But where will the buyers come from?
I think we're gonna need some dead volume consolidation before any spike comes. And I can't see an extended spike for a looooong time
Hope I'm wrong.
This has been a precipitous 7 days (about a 25% haircut). I think pretty soon all the sellers will be cleared out. That will leave the "ride it through" types. But where will the buyers come from?
I think we're gonna need some dead volume consolidation before any spike comes. And I can't see an extended spike for a looooong time
Hope I'm wrong.
yeah theres a ton of resistance in the 7000s don't see it crashing below 7k here would be shocked
long term we getting below it though IMO
depression pretty clear unfortunately
in the 30s we crashed from the top to down 45% or so than had a big re rally that eventually failed
we getting close to that point now using 14k dow top as reference
it was just choppy up to this point because the intervention bought us some time along the way
right now all the intervention not working
in the 30s there was no intervention until after it crashed
long term we getting below it though IMO
depression pretty clear unfortunately
in the 30s we crashed from the top to down 45% or so than had a big re rally that eventually failed
we getting close to that point now using 14k dow top as reference
it was just choppy up to this point because the intervention bought us some time along the way
right now all the intervention not working
in the 30s there was no intervention until after it crashed
ope:Coincidentally that 14000 high was one year ago today. Off about 45% now at today's close.
Hard to stomach and hard to fathom but I think you're right about us eventually falling below 7000 Tiz. Like I think you said in your thread the stock market is only a precursor to the pain many of us will feel from day to day as this plays out.
Unemployment is about to skyrocket as commerce grinds to a creep.
But this ain't the thirties. This depression will play out much differently from an humanitarian standpoint.
Just guessing here but in the thirties I'd say at least half the population lived on farms. They were selfsufficient, resourceful. They believed in God and believed in His guidance. In short they took responsibility for themselves and internalized their problems.
This is a much different landscape. It's frightening to think how the spiritually bankrupt, narcissistic, dependent American of 2009 will react.
Frightening.
Hard to stomach and hard to fathom but I think you're right about us eventually falling below 7000 Tiz. Like I think you said in your thread the stock market is only a precursor to the pain many of us will feel from day to day as this plays out.
Unemployment is about to skyrocket as commerce grinds to a creep.
But this ain't the thirties. This depression will play out much differently from an humanitarian standpoint.
Just guessing here but in the thirties I'd say at least half the population lived on farms. They were selfsufficient, resourceful. They believed in God and believed in His guidance. In short they took responsibility for themselves and internalized their problems.
This is a much different landscape. It's frightening to think how the spiritually bankrupt, narcissistic, dependent American of 2009 will react.
Frightening.
Just guessing here but in the thirties I'd say at least half the population lived on farms. They were selfsufficient, resourceful. They believed in God and believed in His guidance. In short they took responsibility for themselves and internalized their problems.
God and responsibility- a direct contradiction
God and responsibility- a direct contradiction
