Largest 1-day Drop in SPY LIKELY to Happen before a Major Bottom?

Discussion in 'Trading' started by shortie, Jul 9, 2008.

Largest 1-day Drop in SPY LIKELY to Happen before a Major Bottom?

  1. less than 1 pct

    0 vote(s)
    0.0%

  2. 1-2 pct

    1 vote(s)
    3.6%

  3. 2-3 pct

    2 vote(s)
    7.1%

  4. 3-4 pct

    9 vote(s)
    32.1%

  5. 4-5 pct

    5 vote(s)
    17.9%

  6. more than 5pct

    11 vote(s)
    39.3%
  1. shortie

    shortie

    FYI, top ten SPY % drops (close-to-close) since Jan-2007:

    2/27/2007 3.9
    6/6/2008 3.2
    8/9/2007 3.0
    12/11/2007 2.7
    11/7/2007 2.7
    6/26/2008 2.7
    2/5/2008 2.7
    10/19/2007 2.6
    1/17/2008 2.6
    8/3/2007 2.6
     
    #1     Jul 9, 2008
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  2. S2007S

    S2007S

    MORE THAN 5%



    The DOW in my opinion is ready for a 1000+ point single day drop....
     
    #2     Jul 9, 2008
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  3. ProgrammerGuy

    ProgrammerGuy

    why is that?
     
    #3     Jul 9, 2008
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  4. MandelbrotSet

    MandelbrotSet

    The bottom isn't in site until the market says it is ... you should have the mods delete your other thread so folks don't get confused.
     
    #4     Jul 9, 2008
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  5. nazzdack

    nazzdack

    Records are made to be broken. :cool:
     
    #5     Jul 10, 2008
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  6. shortie

    shortie

    on target for another >2% drop today
     
    #6     Jul 11, 2008
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  7. shortie

    shortie

    VIX is >10% above 10dma. All we need is a nasty >3% drop tomorrow to put in a significant bottom. I am buying with both hands if we drop significantly tomorrow.

    Of course, the reality won't be as simple as one nice drop to flash out the weak hands. Exciting times no matter what!
     
    #7     Jul 14, 2008
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