Black Monday

Discussion in 'Trading' started by bond_trad3r, Oct 19, 2012.

  1. 25th anniversary of '87 crash.
     
  2. its still in its trading range but today was a statement. you need a big invent to have a black monday.
     
  3. I'd never trade on this kind of stuff, but after all the failed Black Monday predictions on here, this one is at least halfway fun and compelling.

    To add to the drama, some are trying to claim a 5-year cycle is going on. On October 9th, 2007, the SPX & Dow made their all-time highs. On October 9th, 2002, the SPX and Dow made a long-term bottom. The same guy who rang the bell on October 9, 2007, rang it again on October 9, 2012.

    http://www.marketwatch.com/story/bear-market-may-begin-2012-10-09?dist=afterbell
     
  4. yep noticed the cycle too, could create a triple top if it comes to fruition.
     
  5. I refuse to believe we are going down. This is a buyers market.:)
     
  6. timbo

    timbo

    it's jizz season. Deal with it
     
  7. Tsing Tao

    Tsing Tao

    This is right about the time where, if you wanted the market to be a factor in the election for a particular candidate, you would initiate that "strategy".
     
  8. No way we crash < 3 weeks before a presidential election.
     
  9. exactly why i think it's possible. as stated in my journal. i went 100% cash yesterday right after the goog early earnings. happy i did that after seeing today :D
     
  10. timbo

    timbo

    Only Obama can make this thing go up.
     
    #10     Oct 19, 2012