Stock Market Prediction

[AltonKelsey]

all this pin action , and no posts


guess ya'lls too busy bankin!

[FakeNameChanged]

Originally Posted by AltonKelsey

all this pin action , and no posts


guess ya'lls too busy bankin!

My Friden calculator caught on fire. The number wheels were spinning over too fast.

[ReplayRandall]

Small correction going on....DOW dives huge, right at the wire....Down---->-1190.95..Down over -3200 for the week, so far...I'm sure it'll bounce right back, just like all the other times it's tried to correct, no?...

[PaceAdvantage]

Originally Posted by ReplayRandall

Small correction going on....DOW dives huge, right at the wire....Down---->-1190.95..Down over -3200 for the week, so far...I'm sure it'll bounce right back, just like all the other times it's tried to correct, no?...

It won't bounce right back...more like a melting up...

Will probably take the rest of the year if not longer...

That is, if the drop was due to this silly virus that people are freaking out over unnecessarily...however, I don't think this drop is due to the virus (not solely, anyway).

Since you seem pretty convinced this is just the start of something even more massive...care to explain why?

[ReplayRandall]

Trump threw Pence up as a blocker, putting him in charge of the corona-virus possible outbreak, here at home.

IMO, Pence will be hung out to dry, with multiple problems incoming due to suppressed info being released of how bad the virus infection rate and the economy truly are(Media has done a great job tying the two together)....

All the signs have been there for awhile, and it's time for the Dems/DS to officially crash the economy, after all attempts to take down Trump have failed.....

Wouldn't be surprised if, by June, Pence takes the fall and is out as VP, with Trump pulling a surprise pick to replace him to shift focus off the economic downturn...Just my 2 cents.

[Valuist]

IMO, this week has been unprecedented. No, have no idea what 1929 was like. But I remember 2000-2002 and 2008-early 2009. In both those instances, almost every time, if the market had a day where it would be crushed, the next day would be some sort of dead cat bounce. It might be profit taking or short covering, but we would see them. Maybe the Dow would fall 300 on day one, then rally 150 the next day. So the market was crushed on Monday and.....no bounce at all. Just total evisceration the rest of the week. Very, very troubling indeed.

[lamboguy]

this market is headed to its 200 month moving average which should bring the dow down to 15,000 before any major bounce the way i see it.

[dlivery]

Originally Posted by Valuist

IMO, this week has been unprecedented. No, have no idea what 1929 was like. But I remember 2000-2002 and 2008-early 2009. In both those instances, almost every time, if the market had a day where it would be crushed, the next day would be some sort of dead cat bounce. It might be profit taking or short covering, but we would see them. Maybe the Dow would fall 300 on day one, then rally 150 the next day. So the market was crushed on Monday and.....no bounce at all. Just total evisceration the rest of the week. Very, very troubling indeed.

Your Hard not getting it on you

[ReplayRandall]

Originally Posted by dlivery

Your Hard not getting it on you

What's kind of comment is that, coming from a Canuck who has these problems.

Trouble, trouble, trouble dead ahead.

The Toronto stock exchange closed today. They blamed it on a technical glitch, but it was probably done intentionally to stop the bleeding.

[wisconsin]

The dow went as low as 23,300 in December after being in the 26k range in the fall. I wouldn't be panicking just yet, your 401k is buying shares for less, which is not a bad thing in the long run.

[AltonKelsey]

I'd be much happier if TapeReader had taken a few more public stabs and caught his 100-1 shot .



Maybe he did it in private.

[AltonKelsey]

Originally Posted by PaceAdvantage

I told you I'd let you know when you had to start worrying...

Can I sell yet ?

[AltonKelsey]

Originally Posted by ReplayRandall

What's kind of comment is that, coming from a Canuck who has these problems.

Trouble, trouble, trouble dead ahead.

The Toronto stock exchange closed today. They blamed it on a technical glitch, but it was probably done intentionally to stop the bleeding.

Who knows. But a nasty reminder that once your money is on the table, anything can happen . Including a buzzard swooping down and flying away with it

[PaceAdvantage]

Originally Posted by AltonKelsey

Can I sell yet ?

Don't look at me...I've never held anything longer than a day or two...unless you count my 401k.

I made 20 points in the S&P today in 15 minutes (going long no less...that 5min green bar at 10:30 was a humdinger of a buy signal)...times like these are sweet.

[PaceAdvantage]

But to more directly answer your question...hell no, you can't sell now.

Why would you? If you're holding long term. It hasn't even retraced 50% of the move it made over the past year or so (going back to the low put in around Dec 2018). Let's see what happens around the 2800-2900 level on the S&P before we start to panic.

From sep 2018 to dec 2018 the S&P dropped around 500 points. We still have about 100 points to go to equal that move...which, uncoincidentally, is around the 2800-2900 mark.

Fun how numbers always seem to work out in the markets.