tmosley
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By my reckoning, 160 days from that day was October 30th...
Does that coincide with the end of that meeting, perhaps?
Remember Reinhardt? He's predicting something BIG for March 15...
- Thread starter wgadget
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By my reckoning, 160 days from that day was October 30th...
Does that coincide with the end of that meeting, perhaps?
I did the day by day count on a calendar and it was exactly the day of the next meeting.
tmosley
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Hmm, you're right. I miscounted pretty badly somehow.
Yeah its gonna be an ugly week I think. Nothing will be safe except maybe the short funds. But if its very volatile even those are too risky to mess with.
I noticed another "Things are looking up!" article on Yahoo earlier from Obama's budget guy. LOL yes, his $3Trillion budget guy. They must be scraping the bottom of the barrel for good news to print if that's the next go-to guy for a rosy economic forecast.
I noticed another "Things are looking up!" article on Yahoo earlier from Obama's budget guy. LOL yes, his $3Trillion budget guy. They must be scraping the bottom of the barrel for good news to print if that's the next go-to guy for a rosy economic forecast.
We are getting pretty close to the GM deadline. That could be a nice downward catalyst. Everyone says its baked in, I don't think so. Come on, one of the 30 Dow components goes BK??? At some point, people start questioning the recovery, especially if the market trends down again.
I read somewhere (market ticker forum I think) else that the Dow board is already looking into which companies to move into the 30 to replace GM, BoA, and Citi which should be delisted soon.
A down week isn't enough to convince people of a trend swing but one big up day based on nothing is enough convince people that he's wrong? Volatility is the name of the game these days. It's just as likely to drop 300 tomorrow. Im still waiting till the week is over before I make a judgement on whether there is a trend swing or not.
Paulitician
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This was more of a swing in relation to last week than last week was in relation to the, what, 9 weeks prior. Maybe he meant May 18th...
Of course, that's not to say May 8th/11th wasn't the high... that's yet to be seen.
Of course, that's not to say May 8th/11th wasn't the high... that's yet to be seen.
I just looked at today's "rally" a little closer and it seems kinda odd. Volume was very light and the entire day was practically "up, up and more up" ticks, which is extremely unusual. I won't venture to say the PPT was in action but movements like today are very rare. The other side of that coin is that tomorrow will likely be the exact opposite and a big down day. If you're the gambling type that pays attention to history, a big FAZ buy for tomorrow might do very well.
I am not doing FAZ. Maybe SEF. Triple leveraging can wipe you out quick, even if you have a 10% gain.
We are still down 70 pts from the top. The dollar and treasuries showed a lot of weakness today. They need to plunge the markets to prop the dollar/treasuries, otherwise they will keep falling.
We are still down 70 pts from the top. The dollar and treasuries showed a lot of weakness today. They need to plunge the markets to prop the dollar/treasuries, otherwise they will keep falling.
wgadget
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A down week isn't enough to convince people of a trend swing but one big up day based on nothing is enough convince people that he's wrong? Volatility is the name of the game these days. It's just as likely to drop 300 tomorrow. Im still waiting till the week is over before I make a judgement on whether there is a trend swing or not.
You're right...It fell over 300 points last week and only went up 235 today...So it has NOT yet reached the high level of May 9.
You're right...It fell over 300 points last week and only went up 235 today...So it has NOT yet reached the high level of May 9.
May 8, May 9 was a saturday. Let's see what this week has for us. Today was a huge rally on low volume. Usually a sign a rally is losing steam.
What does this prove about Reinhardt exactly?
Either you're being purposely obtuse or you haven't paid enough attention to reinhardt's predictions or this thread to even begin to comment.
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