i’m
getting out of my longs and going to 100% cash. i don’t know what’s
happening. i don’t think its the marketsniper scenario, but who knows.
When whole countries are collapsing, that’s different from just banks
like LEH collapsing.
TOTAL GLOBABL MELTDOWN is here, details at my site
I actually think stocks could be up big on Monday. Bonds will be killed and this will probably produce a surge in the euro, commodities, and stocks risk on trade. A flight out of bonds into stocks. But it’s only temporary. TLT was challenging its 2010 highs on Thursday and it is logical for it provide a reaction drop from those levels.
This reminds me of the surge in stocks following the initial Lehman Bros. collapse inspired decline when short selling was banned and there was a huge short term surge in stocks which I believe was the 2 day mega-rally off the 9-15-08 lows
A certain indicator won’t be in crash territory on Monday so this isn’t the ideal point for a meltdown.
The crazy volatility seen on Friday has some similarity to the post 10-19-1987 crash action seen on the next day, October 20 which saw both a large surge and a decline to new lows before closing in the middle of its trading range that day for the Dow Industrials (finishing 100pts up) while the Nasdaq continued to decline and closed at a new low.
New post up now…
http://reddragonleo.com/2011/08/07/the-stock-market-crash-of-august-8th-2011/
I’m 44% done uploading to youtube now… and WOW 30 points down in the futures! CRASH COMING!
Processing done, I’m uploading the video to youtube now…
Hard too answer that one, as most of the ones I got from last year were downside prints that I see playing out this year.
I’m processing the new video for the new post now. It should be up in about an hour from now.
Red, what percentage of the prints have come into reality in your opinion?
S&P 500 Waiting for the death cross: http://niftychartsandpatterns.blogspot.com/2011/08/s-500-waiting-for-death-cross.html
i’m
getting out of my longs and going to 100% cash. i don’t know what’s
happening. i don’t think its the marketsniper scenario, but who knows.
When whole countries are collapsing, that’s different from just banks
like LEH collapsing.
TOTAL GLOBABL MELTDOWN is here, details at my site
http://zstock7.com/
I totally disagree… I see a crash on Monday.
I actually think stocks could be up big on Monday. Bonds will be killed and this will probably produce a surge in the euro, commodities, and stocks risk on trade. A flight out of bonds into stocks. But it’s only temporary. TLT was challenging its 2010 highs on Thursday and it is logical for it provide a reaction drop from those levels.
This reminds me of the surge in stocks following the initial Lehman Bros. collapse inspired decline when short selling was banned and there was a huge short term surge in stocks which I believe was the 2 day mega-rally off the 9-15-08 lows
A certain indicator won’t be in crash territory on Monday so this isn’t the ideal point for a meltdown.
The crazy volatility seen on Friday has some similarity to the post 10-19-1987 crash action seen on the next day, October 20 which saw both a large surge and a decline to new lows before closing in the middle of its trading range that day for the Dow Industrials (finishing 100pts up) while the Nasdaq continued to decline and closed at a new low.