Where is the Dow & others heading in 2005?

[trendie]

I know how to guarantee it drops another 100 points - I could go LONG !!

 

[counter_violent]

I know how to guarantee it drops another 100 points - I could go LONG !!

Hey !! Thats my job

 

[Racer]

After you then.....

 

[tradesmart]

10120.....!!!!!!.....Not a lot of buying interest on a Friday evening so far - probably waiting to see what next week's PPI/CPI data brings........

Possibly a chance to buy from well sub-10k next week if you're really stuck on buying soon; but we'll all know when the 'concensus' bottom is beginning to form because it'll take off like a rocket as the big boyz dive in and the short stops go off.......

But very likely any 'bottoming' process will go on for some time though with a few false starts after falls of this magnitude, and it'll take a while for the market to recover it's confidence......

Shorts rool ok......?........

 

[User]

This Dow jones is the same market that was only 20-30points down at one stage near the open.........Look at that baby go.....

I would thought 10200 would have held....

At this rate it'll end at the 2004 lows next week!

 

[grubs50]

anybody for 11000? :cheesy: , that was the talk in here a few weeks ago

 

[Racer]

user that is where I put my shorts back on and added..
wow, would I have been annoyed if I hadn't!! (Still had a pretty reasonable short left without that anyway)

 

[counter_violent]

anybody for 11000? :cheesy: , that was the talk in here a few weeks ago

Ehm , not by me it was'nt ! :arrowd: :arrowl:

 

[User]

anybody for 11000? , that was the talk in here a few weeks ago

We even had calls for 12 and 13,000!!!

2004 lows was my call, not there yet but the Dows closer to 9800 then it is to 11,000.

 

[Racer]

Okay, I will go for 11000, £10,000 a point short please LOL,

Nah, not enough make it 100 grand a point short.. might as well make it a proper trade...

 

[kriesau]

Resistance declining with GE, Citigroup & Pfizer coming down off their highs for the day

 

[trendie]

damn, damn and double-damn. I got out at 10,202.
missed out ou at least another 80.
anyway, thers always next week.
off to watch "Shaun of the Dead".
see you next week.

 

[kriesau]

10,100 breached !!

 

[User]

10,100 breached !!

Anyone for 9800 today?

 

[Racer]

This is a dream.. I don't believe it.... WOW!!!

 

[tradesmart]

anybody for 11000? :cheesy:

To be quite honest, I think that you have to keep an open mind on what this thing can do in a short time....it has a huge range as we've seen recently to the downside; and especially today..

Remember the 'handbrake turn' it did in October; from the 9700 lows to 10850 in 8 weeks, and oil was at $55/b when it started rising.......

When Greenspan announces his retirement, that alone could be worth 1500 points upside.....

 

[Racer]

I didn't think my 10,000 target would be getting so close this fast.....
Freefall.....

 

[counter_violent]

When Greenspan announces his retirement, that alone could be worth 1500 points upside.....

Or downside

 

[User]

When Greenspan announces his retirement, that alone could be worth 1500 points upside.....

I was just looking at the VIX and 10,000 could give some major support to this baby!
We've just touched 17 and the level of 20 is a major buy so if this market falls to 10000-9975 intraday that may make the VIX move that 3 points which would scream at investors to buy.

Remember the 'handbrake turn' it did in October, from the 9700 lows to 10850 in 8 weeks, and oil was at $55/b when it started rising.......

We remember! So please don't forget what TS is saying........anything can happen in these markets! Sometimes the reactions on the upside and downside can seem stupid!

 

[Racer]

Remember the 'handbrake turn' it did in October, from the 9700 lows to 10850 in 8 weeks, and oil was at $55/b when it started rising.......

Yes I know... I went long.... Closed at 10600 though