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Thread: CRASH!

  1. #25

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    Jan 2010
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    Redding, CA
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    Default

    We hit 1867 in the S&P yesterday and I think we'll see it again within a few days. Lots of damage has been done to confidence. In the big picture, a 12-15% correction isn't that rare. Right now I don't think this will even be as bad as 2011, which was around a 20% drop. I think a final low point will hit in sept and the 4th qtr will be very green for U.S. markets.

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  3. #26

    Join Date
    Jun 2004
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    Boiled Peanut, Georgia, USA
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    Default Re: CRASH!

    Well the PPT [Plunge Protection Team} did their best, BUT! it still looks like a CRASH to me.
    02/12/2020
    CRUDE Oil =
    $51.69 a Barrel, Daily Status +$1.23

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  5. #27

    Join Date
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    I should have said "in 3 hrs". This looks dangerous to me. Confidence in the market is shot.


    Quote Originally Posted by MrBowl View Post
    We hit 1867 in the S&P yesterday and I think we'll see it again within a few days. Lots of damage has been done to confidence. In the big picture, a 12-15% correction isn't that rare. Right now I don't think this will even be as bad as 2011, which was around a 20% drop. I think a final low point will hit in sept and the 4th qtr will be very green for U.S. markets.


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  7. #28

    Join Date
    Jan 2011
    Location
    El Paso Texas
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    9,578

    Default Re: CRASH!

    Quote Originally Posted by nnuut View Post
    Well the PPT [Plunge Protection Team} did their best, BUT! it still looks like a CRASH to me.
    Here's a theory on the PPT. They are waiting for volume to subside a little and will try to fight to hold the Jan 2014 low. So Friday will be there fighting day. They can't let this continue into the weekend. Just a theory.
    Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.

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