Stock Markets Current News part II

biofuel13 · **Posted:** Tue Dec 02, 2008 7:38 am

7 Minutes after the bell we are up 60 pts on the Dow. According to SPG's first bar rule we should have a green day today. Though I don't think it will be a very strong up day. Maybe up 115pts at the final bell?

smallpoxgirl · **Joined:** Mon Nov 08, 2004 1:00 am **Posts:** 7742

Right at the moment, I'd have to say I'm not buying that prediction for today. I think the futures traders were smoking a bunch of crack this morning. So far the market feels just like yesterday. Low volume, unenthused, and gravity dominated.

Consider...yesterday the futures were predicting a 200 point drop. In the first 5 minutes, we dropped 400 points. Today they were predicting a 100 point gain. In the first five minutes, we got 66 points. Not very impressive, especially when you consider we were starting from outside the bollinger bands on a bunch of the time periods.

biofuel13 · **Posted:** Tue Dec 02, 2008 8:03 am

smallpoxgirl wrote:

Right at the moment, I'd have to say I'm not buying that prediction for today. I think the futures traders were smoking a bunch of crack this morning.

Currently wiping off the coffee I just spit all over my monitor. Thanks for the morning laugh SPG.

Yeah it certainly doesnt look like there is alot of motivation for an upward move.

nudibranch · **Joined:** Fri Nov 07, 2008 1:00 am **Posts:** 20

Let's see you predict the next bailout with the charts.

Arsenal · **Joined:** Tue Mar 18, 2008 12:00 am **Posts:** 862

+189 at 11:33 EST. I wonder if it will hold. My guess is no.

cube · **Joined:** Sat Mar 12, 2005 1:00 am **Posts:** 3955

smallpoxgirl wrote:

Right at the moment, I'd have to say I'm not buying that prediction for today. I think the futures traders were smoking a bunch of crack this morning. So far the market feels just like yesterday. Low volume, unenthused, and gravity dominated.

Consider...yesterday the futures were predicting a 200 point drop. In the first 5 minutes, we dropped 400 points. Today they were predicting a 100 point gain. In the first five minutes, we got 66 points. Not very impressive, especially when you consider we were starting from outside the bollinger bands on a bunch of the time periods.

The only prediction that I'm willing to make is that the "long term" aka (6 months) trend is down.
Aside from that what happens next day or next week I have given up on making predictions.
I've made too many bad ones already. :wink:

Arsenal · **Joined:** Tue Mar 18, 2008 12:00 am **Posts:** 862

+45 and falling. I might be right here. Red might be the color of the day.

biofuel13 · **Posted:** Tue Dec 02, 2008 12:25 pm

Man I love the afternoon nosedive!

smallpoxgirl · **Joined:** Mon Nov 08, 2004 1:00 am **Posts:** 7742

1, 2, 3, 4 - Follow the bouncing ball

biofuel13 · **Posted:** Tue Dec 02, 2008 12:42 pm

Damn that trampoline at 8200!! Damn damn damn! Or should I say boing! boing! boing!

smallpoxgirl · **Joined:** Mon Nov 08, 2004 1:00 am **Posts:** 7742

Did I miss an announcement or something? Why did the market just get all crazy?

biofuel13 · **Posted:** Tue Dec 02, 2008 1:27 pm

smallpoxgirl wrote:

Did I miss an announcement or something? Why did the market just get all crazy?

I think we both are missing something. It's really shooting up now!

Spanktron9 · **Posted:** Tue Dec 02, 2008 1:31 pm

November Auto sales number are in and are predictably horrorific. Perhaps that is perking up the market? Couldn't be the PPT? Riiiiighhht?

Armageddon · **Posted:** Tue Dec 02, 2008 1:39 pm

They can't let it fall below 8,000 during Holiday shopping. That would be a psychological jolt. But then again...... * puts on tin foil hat*

smallpoxgirl · **Joined:** Mon Nov 08, 2004 1:00 am **Posts:** 7742

Spanktron9 wrote:

Couldn't be the PPT? Riiiiighhht?

I dunno. Sounds about as good as anything I can come up with right at the moment.

Stock Markets Current News part II

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