nevermind Red, my link doesn't work. Just go to yahoo finance and click on two year chart for the SPX and then enter in the dates 10/3-10/13 2008 and you will see what Sundancer means. 10/9 was a big gap down (which should be tomorrow), with a lower low formed the following day. From there we went back up. So looks like low will be put in on Friday. NOW, don't go write any Black Thursday posts or it could jinx us!
I see a big drop the next 2 days, with a hard reversal on the last day… which looked like this February the 5th. Am I looking at it correctly?
Sounds like we are both kids of the 60's!
nevermind Red, my link doesn't work. Just go to yahoo finance and click on two year chart for the SPX and then enter in the dates 10/3-10/13 2008 and you will see what Sundancer means. 10/9 was a big gap down (which should be tomorrow), with a lower low formed the following day. From there we went back up. So looks like low will be put in on Friday. NOW, don't go write any Black Thursday posts or it could jinx us!
Yeah, I lost my tookie 30 years ago shorting oil service stocks that kept going and going. That's where my SN comes from. I'll never use margin again.
I play options, but only small amounts. Often the risk/reward is better on options than buying the stock outright. I've done OK so far.
Here Red – pretend today was 10/8/08 on this chart.
http://finance.yahoo.com/echarts?s=^GSPC+Intera…
I'm trying to find a chart that dates back that far… do you have one Monica?
Amazing! Looks like the bottom then might be Friday.
FWIW,
You have more capital than 99% of the state in which we both live.
Be honest with yourself before its too late. SUN is right on this.
dow closed down 66.58
http://finance.yahoo.com/q?s=^DJI
Carl at day’s end:
1100-1125 estimate for today (25 points)
1098.75–1122.75 actual range today (24 points )
Market was 1-2 points above Carl’s range.
Trades: No Trades
Grade: C (lost no money)