Market Plunges 500 DOW Points In Minutes
DriftingByTheStorm
Posts: 8,684
Did anyone catch this live yesterday?
6 May 2010 Stock Market Crash (Live Coverage)!! Incredible!!
Sad i missed it.
Been wondering when she would finally stop trading sideways and capitulate.
Was thinking about it last week, actually.
Thinking, "boy it sure has held at 10,xxx for too long. If it ain't movin up, it's moving down."
Wow.
I hear Bartiromo is calling this "market manipulation" and that they also cannot "find" the trader.
Well THAT is horseshit if i ever heard it.
If this WASN'T manipulation, then it could be the beginning of more rough times for the markets.
When long term moving averages (100 and 200 both taken out) get blown through like that it's bad news.
Looks more stable today, but looking at the 5 day chart looks real rough.
She HAS to stay over 10,200 or its back to bouncing off of 10,000 with a big drop ahead (based on technicals).
Goddamn, the 6month looks like it fell off a fucking cliff.
But that 5 day chart. Man. Wound tight in a wedge from yesterday.
Technicals reads that as an explosive chart. Could fly off either way in the near future, depending which side of that wedge breaks.
ugh.
I don't even know whats going on in the world anymore.
This is concerns over the Greek bankruptcy situation?
I have ZERO connection to the world of "news" these days.
None. No cable or TV. Don't do news radio. No news paper. and i stay away from the news sites.
Probably for the best.
This kinda shit drives me batty.
6 May 2010 Stock Market Crash (Live Coverage)!! Incredible!!
Sad i missed it.
Been wondering when she would finally stop trading sideways and capitulate.
Was thinking about it last week, actually.
Thinking, "boy it sure has held at 10,xxx for too long. If it ain't movin up, it's moving down."
Wow.
I hear Bartiromo is calling this "market manipulation" and that they also cannot "find" the trader.
Well THAT is horseshit if i ever heard it.
If this WASN'T manipulation, then it could be the beginning of more rough times for the markets.
When long term moving averages (100 and 200 both taken out) get blown through like that it's bad news.
Looks more stable today, but looking at the 5 day chart looks real rough.
She HAS to stay over 10,200 or its back to bouncing off of 10,000 with a big drop ahead (based on technicals).
Goddamn, the 6month looks like it fell off a fucking cliff.
But that 5 day chart. Man. Wound tight in a wedge from yesterday.
Technicals reads that as an explosive chart. Could fly off either way in the near future, depending which side of that wedge breaks.
ugh.
I don't even know whats going on in the world anymore.
This is concerns over the Greek bankruptcy situation?
I have ZERO connection to the world of "news" these days.
None. No cable or TV. Don't do news radio. No news paper. and i stay away from the news sites.
Probably for the best.
This kinda shit drives me batty.
If I was to smile and I held out my hand
If I opened it now would you not understand?
If I opened it now would you not understand?
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Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the government becomes a law-breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy. - Louis Brandeis