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Worden Discussion Forum » General Discussions » Stock and Market Talk » Critical Times Ahead! Possible Black Monday Brewing! See SP/Fut. Monday for clues!

Critical Times Ahead! Possible Black Monday Brewing! See SP/Fut. Monday for clues! Rate this Topic:
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signaltap
Posted : Saturday, July 28, 2007 1:18:45 PM
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Joined: 3/16/2006
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its all on the line this monday!
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BigBlock
Posted : Saturday, July 28, 2007 4:38:09 PM
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 Really? All on the line this Monday, ah!
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rwstic
Posted : Saturday, July 28, 2007 6:59:20 PM
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signaltap
Posted : Saturday, July 28, 2007 8:01:38 PM
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Joined: 3/16/2006
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 sorry about that, but the 144 ema is very diff. to see , its in blue, just under 13,000.

3,5,8,21,34,55,89,144 are fibonacci numbers with I use for my EMA levels.


The reason I say that could be diff. this time is that now I see 3 huge BOP red selling candles, (as you can see from prior dip times weren't as bad as now) in that fast in decline just landing at the 89 ema (orange).

also, the support level (4 prev. times)of 13260 was almost broken yest. (only by 6 pts)so thats why I say that this level is at a crucial point, it could either, go back up to another 52 wh or dive.so I can hardly wait for monday sp futs. if #s real bad, we could have a 1000 pt decline in our hands!
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scottnlena
Posted : Monday, July 30, 2007 10:01:54 AM

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Joined: 4/18/2005
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 you don't think price could catch at the highs of Feb? I personaly have found that saying "price will" do something is a shure fire way to wind up with egg on my face.... or a considerable loss if I've put my money where my mouth is.

Also I've learned to suspect BOP in general bu particularily in the indexes... BUT it can seem to work in reverse on the indexes. In that lately it seems to fire off around the extreemes. So Green BOP on the indexes is a cautioun that exuberance is peaking (for me) and vice versa for red. I may be wrong... I reserve that right.

so far this correction is not much different from the Feb/March correction, in terms of percnetage and duration. It was a bit more polite than FEB and gave us a chance to get out of long positions.
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scottnlena
Posted : Monday, July 30, 2007 10:02:46 AM

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Joined: 4/18/2005
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 I"m flat rightn ow.. I'd love a 1000 point decline.. I don't think we'll get it... but it would be wonderful. Think of all the buying oportunities created.
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