Where's the DOW heading today?

[theasxgorilla]

No comments on the new DOW lows in?No final capitulation due to panicked and inexperienced investors?

7000 points out of the question?

If the S&P500 breaks its lows I'll be more concerned...and at the same time relieved...since I'd have little faith in a recovery from here.

The DJIA is still the muppet index

 

[Aussiejeff]

Whatever the protection team allows it fall too

Looks like they must have stepped in to save Citi and BofA from massive 35%+ sell-offs.

*sigh*

I wish the Men In Black would stop throwing the lifeline every second day and let the market find it's proper, sustainable level. Too bad if there is greater pain as a result.

Greater, acute pain can often be easier to take if it is only brief, rather than having to suffering chronic, interminable, dragging pain that lasts for years.

So, DOW continuing to look anaemic and critically ill next week too.

aj

 

[Aussiejeff]

Crikey.

Today's DOW performance looks like the graph from a seismometer recording a major event!

The Obama-ites and Non-Believers sure are yanking each others chains big time.

 

[Wysiwyg]

I found this chart on a website which shows a correlation between then and now.

Here are two price charts: black - current price chart, red - price chart for 1929-1930:

 

[lookout]

Better charts here I think: http://dshort.com/

 

[Wysiwyg]

Better charts here I think: http://dshort.com/

Yes I like this one better too.

 

[Sean K]

Yes I like this one better too.

So, out of the 3 example crashes, we're under 2 of them. OK

 

[lookout]

So, out of the 3 example crashes, we're under 2 of them. OK

Yes, but consider the state of the U.S. and world economy and debt levels at the different times. I think we've got a long way to go before we've resolved the issue of excessive debt. It seems that there is no new bubble to inflate that we can use to put off dealing with the debt. This time asset prices really will return to long term averages, many companies and individuals will go bankrupt, debt will be destroyed, and through this painful process we'll end up with a healthy economy for a time. Government interference may make the process much more painful than it needs to be - it seems they are risking everything by throwing borrowed money down the throats of insolvent corporations - this generates more debt for taxpayers and less confidence in the system, both of which are very bad for the economy.

 

[i_in]

my vision about DJ
gl&gt

 

[i_in]

OK, I think to try this
short 8388 stop 8430 target open for now
gl&gt

 

[alwaysLearning]

Yes I like this one better too.

Your chart scares the S%$& out of me

We have not had the capitulation move down yet on the blue line

 

[i_in]

Your chart scares the S%$& out of me

We have not had the capitulation move down yet on the blue line

I can assume a small mistake in my counting.This is not my traditional trade I just wait to take long EUR/USD and add GBP/JPY

 

[nulla nulla]

5 May 2009, 6:55am, DOW +214.33, +2.61% at 8,426.74.

 

[i_in]

5 May 2009, 6:55am, DOW +214.33, +2.61% at 8,426.74.

yea :/