The ASX to plummet 132 points today?

[Realist]

morning Realist
132 pts today?
Futures are already off 170, and we haven't even opened yet.
Are you expecting the dip buying crowd to show up this morning?

We'll go under 132 and then recover a little later is my guess.

The first 20 minutes will be brutal.

We may hit the low there and then.


What time does China open?

 

[Atomic5]

...maybe Real Estate will pick up again
(they don't have a flying pig icon on here do they)

China opens Perth time - 2 hours (?) after Sydney.

 

[djones]

The NZ Market was down 3% on open.

 

[professor_frink]

We'll go under 132 and then recover a little later is my guess.

The first 20 minutes will be brutal.

We may hit the low there and then.


What time does China open?

Not sure exactly- Hong Kong H-shares open @ 12:45 EDST. Same time as Hang Seng. With the nikkei opening @ 11:45, I'm gunna try and trade 3 opens this morning
Hopefully it will go well

 

[Techbuy]

On the radio this morning they were saying China grow by 144% and has had a 9% correction, and it's no big deal but the global markets are using it as a way to correct their markets. They went on to say there will be a drop on open and recover in the afternoon once the panic wears off.

 

[CanOz]

...maybe Real Estate will pick up again
(they don't have a flying pig icon on here do they)

China opens Perth time - 2 hours (?) after Sydney.

Shanghai opens at 9:30 my time, so its 12:30 your time.

Cheers,

 

[imajica]

these threads merely scare the s**t out of people and it becomes a self-fulfilling prophecy - if enough people are convinced that the market will drop then they will pull their money out and contribute to this nightmare

 

[Realist]

these threads merely scare the s**t out of people and it becomes a self-fulfilling prophecy - if enough people are convinced that the market will drop then they will pull their money out and contribute to this nightmare

contribute to this nightmare

I think you just did!!

 

[djones]

What would you buy on open that you think would bounce back well in the afternoon? MCR, MTN?

 

[Rafa]

wonder how u stocks will perform today?

 

[ducati916]

these threads merely scare the s**t out of people and it becomes a self-fulfilling prophecy - if enough people are convinced that the market will drop then they will pull their money out and contribute to this nightmare

Wonderful isn't it.

jog on
d998

 

[Aussiejeff]

Listen up (wo)men!

Hold your nerve! Helmets ON... flack jackets ON.... sand bags FILLED... cotton wool IN EARS.... welding glasses ON ...

All set lad(ie)s?

Roighto, now head for your nuke-proof anti-crash bunkers, bend over and put your head between your knees. HOLD that position for a minimum 72 hours...... should be safe to come back up for some fetid air then!!!

Good luck, (wo)men! See you on "the other side"!

Admiral Aussiejeff
Commander Regional Anti-crash Personnel

 

[Techbuy]

these threads merely scare the s**t out of people and it becomes a self-fulfilling prophecy - if enough people are convinced that the market will drop then they will pull their money out and contribute to this nightmare

not if you read all the posts and see its the time to get the cash out to jump in and buy not sell. as the ones you have already will recover but the chance to jump in and top up is great. Just look at the market trend for the past 100 years and all the correction move on and up again some take a bit longer than others that all.
Now is the time to move in on the stocks you know and understand to pick them up.

 

[constable]

these threads merely scare the s**t out of people and it becomes a self-fulfilling prophecy - if enough people are convinced that the market will drop then they will pull their money out and contribute to this nightmare

Help help the skys falling in wah wah.
Agree imagica for everyone that sells out though there will be those that will profit! Bring it on.

 

[Realist]

Less than 30 minutes to go!!

Get your tips in. What will the ASX close today?

I've said down 132 - who's gonna be the closest?

 

[professor_frink]

Less than 30 minutes to go!!

Get your tips in. What will the ASX close today?

I've said down 132 - who's gonna be the closest?

A random guess from me -200.

 

[mrWoodo]

Something from Forbes

A computer problem Tuesday made a bad day seem worse on Wall Street, as Dow Jones momentarily reported a 500-point drop in its blue-chip industrial average. Pressured by a sharp fall in Shanghai, stock markets around the world had been showing sizable declines over the course of the day, but the benchmark Dow suddenly fell off a cliff at about 3 p.m., losing 300 points in a matter of minutes.

The dramatic 3 P.M. decline was mostly attributed to a delay in the tabulation of the 30-stock industrial index by Dow Jones computers.

A Dow Jones spokeswoman said that at around 2 P.M., a surge in trading volume caused a delay in the data systems used to tabulate the index, and the result was that the industrial average lagged the market. At around 3 P.M., when Dow Jones switched to a backup system, the published index caught up rapidly, making the afternoon decline in the industrials appear to happen in 2 seconds when it was actually over a much longer time frame.

 

[CanOz]

What would you buy on open that you think would bounce back well in the afternoon? MCR, MTN?

Buy on open?

Eventually thier should be a flight to safety, like infrastructure, then banks, maybe consumer staples. But not on open.

Cheers,

 

[imajica]

asx had to tank today!!! its my freakin' birthday! nice timing

 

[Realist]

What would you buy on open that you think would bounce back well in the afternoon? MCR, MTN?

See how much they drop first.

MTN stormed up the other day, it'd need to drop well more than 10% for me to want more at the moment.

If they drop 3% it is irrelevant.