Poll: 29 crash vs today

Discussion in 'Technical Analysis' started by W4rl0ck, May 19, 2009.

How now the Dow?

  1. 1930's style - buy a Zoot Suit

    20 vote(s)
  2. Obama will save us - it's up from here

    6 vote(s)
  3. There was a crash in '29?

    2 vote(s)
  4. I'm a math nerd, history sucks.

    4 vote(s)
  1. W4rl0ck


    Following the 29 crash the Dow retraced back to the 200 sma in April 1930.

    After that - The Sh*t just continued to hit the Fan for about 2 more years and 80% down.

    The Dow did not recover that level again until => 1954.
  2. what happens if this time the government got it right and headed off the next depression? maybe we dont get the next leg down.
  3. Every post like this tells me the bottom is rising.
  4. W4rl0ck


    I'm just pointing out HISTORY.

    So we can assume you think BO will "save the Union"?

  5. W4rl0ck


    For those who didn't know - the Dow is currently slightly under its 200 sma after a big bounce. Similar to 1930.

  6. Illum


    I'm expecting something similar to Japan, England may show us sooner. As far as a Depression crash, commodity prices will have to weaken again, severely. That happened before the second leg down in Depression. I'm not sure the equity market will be the first ones to get it. Either way, I'm beginning to not care. Buy and hold is trash and I'm not liking swing trading much with the government all over the place. So if just intraday, eh, what's the difference.

    I submitted Obama for the lulz
  7. toc


    too much money has been pumped into the system to keep it afloat, markets can still go down steadily and new money will keep on trying to bail it all out. end of the day US$ will suffer but that was the plan to begin with. :D :cool:
  8. "History doesn't repeat itself, but it does rhyme."

    Mark Twain
  9. The Obama suckers market.
  10. W4rl0ck


    Zoot Suit Riot!!!

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    #10     May 21, 2009