"... doing real well this year..." You think? Maybe it's more like they collected a few bucks in premium but lost more on the value of their stocks....
Excellent Chart! However, did you notice how the 2200 marked a VERY important support level at which to bounce from? We still have another 300 pts down to go in the Dow before we can start sounding those alarms.
On the times when there were 3 days down 100 points this millineum, what happened on the fourth day? How common is the 4th down 100 point day?
V-Bottoms still need to Stop and consolidate for at least one or two bars.... So anyone considering a long at this point would be nuts in my opinion but hey .... I need the liquidity so keep on buying.
Man that chart is spooky! :eek: Thanks for posting it my software doesn't do this but can someone plot 1987 and now on top of each other and post it for us?
1987 vs 2005 aren't close as far as the charts look. In 87 there was a runup in $. In 2005 there has been a lot of sideways Mkt action. The Mkt may well test the 7461 area on this Dow chart but that would almost look normal on this 25 year chart. I've attached the jpg chart. agpilot
================= Good points old chap; T-REX I am suprised you dont agree with London USTrader, especially viva la diffreance between bull/bear trends. Not only was that an unusual downmove this week in what has been a bull market in SPY; actually if you check you weekly SPY charts. Covered shorts in QQQQ related derivatives, tek sector friday ; SPY closed IN 10 year plus record weekly SELL volume. Sometimes record sell volume marks a a bottom area also; note that record sell volume in SPY for since 1993 , not just in this bull market.