October 9 and 10 Significance

Discussion in 'Trading' started by MKTrader, Oct 11, 2008.

  1. I'm not a Gann or Fibonacci freak who makes too much of time/price symmetry and the like, but it is interesting...

    October 10, 2002: Stocks hit a 5-year low, which now marks an 11-year bottom.

    October 9, 2007: Stocks hit an all-time high

    October 10, 2008: Stocks hit a 5-year low...
     
  2. that web bot thing predicted something monumental for yesterday or the day before, but nothing really happened.
     
  3. Yeah, October, the fund managers dump all the stuff that is going to mess up their annual report.
     
  4. October 9th, 2009: God SHORT's humans to a 2010 year low! :eek:

    :D
     
  5. October 9, 2009: The last human on earth finally drives the first production ready 2010 Camaro off the assembly line! :eek:


    :D
     
  6. True, but the seasonal anomaly of an all-time high a year ago and clustering of the two days (9th and 10th) is a little strange.

     
  7. Whats interesting is after the markets opened after sept 11, volume was 2.3 billion shares traded. Yesterday it was 11.4 billion shares traded, in fact all week there was more than 7 billion shares trading hands every day. I wonder if some giants like barclays decided to take up day trading with their 2 trillion dollars.
     
  8. Assuming GM is still around by next year of course (If they are its because they get a bailout by taxpayers)
     
  9. Monday is 13th - bad sign (not sure for whom though)

    :D
     
    #10     Oct 11, 2008