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So any predictions as to when the dow falls below 12k? nt

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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 12:11 PM
Original message
So any predictions as to when the dow falls below 12k? nt
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NMDemDist2 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 12:14 PM
Response to Original message
1. soon
before the end of the 1st quarter is my bet
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Tandalayo_Scheisskopf Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 12:17 PM
Response to Reply #1
2. At the latest.
We are one or two bits of well-timed bad news away from a rather steep drop. The S&P 500 is 10 points away from going through major resistance, and that ain't good.
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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 12:30 PM
Response to Reply #2
10. What does one use to get technical charts that label "resistence"?
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Tandalayo_Scheisskopf Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 12:39 PM
Response to Reply #10
15. Fibonacci Curves...
Are one way. Alas, a dark, eldritch and arcane art, those things. Not unlike alchemy.

There are places out there that advise as to resistance points, for those who do not run real-time S&P graphs on their computers. I was reading, on one site, that 1370 was the present lower resistance, and that presently the S&P was at 1380 or there-'bouts.
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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 01:07 PM
Response to Reply #15
20. thanks - and something as simple as Fibonacci Curves/snail shells - damn - the Greeks golden rule
works for gold!
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Angela Shelley Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 12:17 PM
Response to Original message
3. Tomorrow ...
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Birthmark Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 12:26 PM
Response to Reply #3
7. Pessimist!
I give til next week at least. :)
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TahitiNut Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 12:18 PM
Response to Original message
4. Bernanke is testifying now ... so, any minute.
:evilgrin:
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CK_John Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 12:21 PM
Response to Original message
5. I think we'll see 8500 by May. Next wed on less than 12K. n/t
Edited on Thu Jan-17-08 12:22 PM by CK_John
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Zynx Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 12:30 PM
Response to Reply #5
9. I'll pay you $5000 if that happens.
It won't drop that low.
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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 12:32 PM
Response to Reply #9
11. Can I have some of that? n/t
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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 12:22 PM
Response to Original message
6. Sometime between the end of Bernanke's testimony and
Friday. If he announces a cut today, it's all over by tomorrow. I've been listening to the entire hearing and a) our Congress is a bunch of boot-lickin' idiots (including the gentlelady from OH who thought Bernanke was Paulson) and b) it's sounding really, REALLY bad.

It's so bad, in fact, that they are discussing how to best inject about $100 billion into your pocket and mine in an effort to save the economy from completely folding.
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catmandu57 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 01:00 PM
Response to Reply #6
18. No, they'll get a deadcat bounce first
the big boys will use the rate cut to rape the little guy some more first and we'll have a stop to the freefall, maybe even a positive day or two for the pump and dump. I think it's going to take until the end of the month to hit 11,999 and below.
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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 01:01 PM
Response to Reply #18
19. Yeah, but their deadcat bounces have only lasted a half of a
Edited on Thu Jan-17-08 01:04 PM by Texas Explorer
day lately.

Edited to add: I just looked. DOW -154. There's your bounce right there. Because now, just seconds later, it's down -180.
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Blue_In_AK Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 12:28 PM
Response to Original message
8. It kind of sucks.
Our IRAs have been seriously hemorrhaging the last two months. I don't even look at our statements anymore, they're so depressing. Looks like I'll be working until I drop dead over this keyboard.
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Earth_First Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 12:32 PM
Response to Original message
12. More cheerleading the collapse? n/t
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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 12:35 PM
Response to Reply #12
14. Oh FFS! Nobody's cheerleading the collapse. n/t
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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 12:46 PM
Response to Reply #12
16. Are you kidding? my holdings are vanishing before my eyes.
I'm not cheerleading anything. I just need to figure out how much I need to sell and change into gold.
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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 12:48 PM
Response to Reply #16
17. If I had anything, I'd be putting all in gold. n/t
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MilesColtrane Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 12:33 PM
Response to Original message
13. Next week.
Probably Thursday.
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