Another 300 points down day?

Discussion in 'Trading' started by Pekelo, Mar 1, 2007.

  1. Pekelo


    ES is down 15 pts before the open YM is -100.

    The guys on CNBC say: this is just psychology....
    We shall see....

    Edit: Make it -18 ES and -125 YM at 9:20.
  2. Dogfish


    Markets are also seen remaining wary of historical patterns -- notably,
    1987, 1997 and 2007. This behavioural pattern shows that stock markets
    don't like the years with a 7 in it. The 1987 crash, known as Black
    Monday, was the second largest one-day percentage decline, and the 1997
    mini-crash was the third biggest points loss or 12th biggest percentage
    loss in its 110-year history. Will 2007 be the fourth biggest points

    History also shows that the 1987 crash was the climactic culmination of
    a market decline that had begun five days before on October 14th. The
    DJIA fell 3.81% on Thursday, October 14, followed by another 4.60% drop
    on Friday October 15th, and then losing 22.6% on Black Monday. Also
    uncanny is that analysts were then very quick to point out at the time
    was that these crashes were a "correction" to the overheated markets,
    which were then trading at record highs.