I haven't looked at the charts from previous crashes, but I will try to find the data. What does "exhuberance followed by a lower low" mean? Does it look like there is going to be a crash based on what you see with the charts? Thanks, Frank
Hi everyone. Just wanted to post the Updated prediction for the next 20 days. You can compare it with the first one posted. For the system, the bearish movement is still valid. Take care.
Or how about a crazy ituation where oil goes down, which is bullish for the economy so SP goes up - sound familiar?
i'm having some fun with that play it cant go unnoticed that the rise to (and above) the $spx may top was done during a near crash in oil, which now seems to be stabilized you'd think there'd be quite a lot of interest in locking in the current prices for oil as a hedge for many companies that are affected by it, thereby, a floor at this level
elain garzellie, or something like that, and marty zwieg both called the 87 crash in oct 2000, elain was bullish on the nasdaq, and zwieg liked global crossing .......oops (and larry williams won a trading tournament in the 80s too!) bob brinker perfectly called the 98 bottom, and the bear in early 2000, yet for some reason felt compelled to get his flock into the qqq in oct 2000 for a 'counter trand ralley' which he rode down, say, 60 points or so without stops the road of guru worship leads to the slaughterhouse, sooner or later
I like that, thank goodness Trader Monthly magazine promoted me from "guru" to "legend" (as if, LOL. ) Don
What is the scale on the left of the chart? Based on the crash scenario you linked to the chart shows the crash will happen in early october, and be right back to where it was in two weeks. That's not much of a crash.
Hi HolyGrail, Sorry about that. That was the DOW JONES COMPOSITE INDEX not the DOW JONES INDUSTRIAL AVERAGE IN. That was comparable with the first chart when I started the thread. Attached the correct chart. for the DOW JONES INDUSTRIAL AVERAGE IN The Pink shadow are other probable paths identified by the system. You can check how it evolved since I saterted the Thread. I agree that it is a Black Monday, may the thread name was too much. Take care.
Still only about a 3.3% drop at the most from right now if it actually happens. Predictions right or wrong, what I would like to know is, will I be able to trade and have orders filled while the market is crashing? What about program trades all rushing in to sell before hitting the circuit breaker or curb? Then trading resumes and all the program trades make another rush to the next curb. Just trade whatever I'm willing to lose I suppose. Just be prepared for a 30-40% possible loss one of these days and rebuild from there. What concerns me is some traders trade the eminis and don't have the cash to cover a 30% drop. About $20k for each S&P emini times 1,5,10 contracts.