A Stock Market Crash is coming!

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 6 years ago '08        #461
o7media 50 heat pts50 OP
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Since I started this thread at the end of October....


[pic - click to view]

 6 years ago '08        #462
o7media 50 heat pts50 OP
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Gold down another about $25 this morning. Heading for the December low around $1,550.
 6 years ago '08        #463
o7media 50 heat pts50 OP
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 o7media said:
^^ Haven't gotten that 12,700 test yet. But had a pretty bearish close today.

I'm holding CVX 100x puts over the weekend. Commodities gonna get hit hard again next week IMO.
Oil down another 2%. Should get a decent profit on these CVX (Chevron) puts today.
 6 years ago '08        #464
o7media 50 heat pts50 OP
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 o7media said:
^^ Haven't gotten that 12,700 test yet. But had a pretty bearish close today.

I'm holding CVX 100x puts over the weekend. Commodities gonna get hit hard again next week IMO.
 o7media said:
Oil down another 2%. Should get a decent profit on these CVX (Chevron) puts today.
Just sold my CVX puts for a 51.6% profit. In at .62 out at .94. I still believe there's more downside, but I just wanted to lock in profits for today.

May jump back in CVX later in the week or play something else. Not sure yet.
 6 years ago '08        #465
o7media 50 heat pts50 OP
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 o7media said:
DOW 12,700 test tomorrow IMO.
 o7media said:
^^ Haven't gotten that 12,700 test yet. But had a pretty bearish close today.

I'm holding CVX 100x puts over the weekend. Commodities gonna get hit hard again next week IMO.
Broke 12,700 DOW today. Low of 12,665 today. Was off a couple of days.
 6 years ago '04        #466
SpyDa 180 heat pts180
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stock market still hasnt crashed!!!! i dont think its going to crash..
 6 years ago '08        #467
o7media 50 heat pts50 OP
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 SpyDa said:
stock market still hasnt crashed!!!! i dont think its going to crash..
May not crash, but we won't be at these levels. At least a correction is coming imo.
 6 years ago '04        #468
SpyDa 180 heat pts180
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 o7media said:
May not crash, but we won't be at these levels. At least a correction is coming imo.
I feel you. Politics are so confusing to me now... Logically and proven by numbers the economy should have collapsed along time ago. How the hell can numbers show a collapse but everything be fine. Gas going down, job's are becoming available. I dont understand how this is possible, because numbers dont lie. An numbers show no signs of that currently or in the future.
 6 years ago '08        #469
o7media 50 heat pts50 OP
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Gold broke the $1550 support....
 6 years ago '08        #470
o7media 50 heat pts50 OP
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Gold still falling $1,530 low today.
 6 years ago '08        #471
o7media 50 heat pts50 OP
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 o7media said:
Alright so, looking over the weekly/monthly charts and IMO the markets will be having a big sell off over the next 6 months.

Not a crash, but a correction.

Approximately a 20-22% drop in the markets which would put the indices at the following:

DOW 10,000 - 10,500 (Currently just above 13,000) -21.2%
S&P 1,075 - 1,100 (Currently at 1,370) -20.8%
NASDAQ - 2,350 (Currently at 2,958) -20.6%

The VIX (Volatility Index) is just below $19 right now with a potential move back up to the $45 - $50 level.


Let's see if I'm right..........




............


New levels since I posted this...

DOW 12,440 ---- Down 560
S&P 1,304 ---- Down 66
NASDAQ 2,813 ----- Down 145


Down 4.5% on Dow
Down 4.8% on S&P
Down 4.9% on Nasdaq

The VIX was just below $19. Now at $24.40 +28.4% since.


 6 years ago '08        #472
o7media 50 heat pts50 OP
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And the selling continues in the wake of the failed Facebook IPO....

I'm looking for S&P 1270-1280 next week, if we hold those levels we may finally get a bounce in the markets.

VIX now at $25.10 ..from $19 when I posted. +32%
 6 years ago '04        #473
franchise 60 heat pts60
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glad i just saw this thread. the timing looks good for everything you've been predicting. gonna follow and wait for my chance to get in.
 6 years ago '08        #474
o7media 50 heat pts50 OP
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 o7media said:
And the selling continues in the wake of the failed Facebook IPO....

I'm looking for S&P 1270-1280 next week, if we hold those levels we may finally get a bounce in the markets.

VIX now at $25.10 ..from $19 when I posted. +32%

That 1270-1280 area coming.

Huge miss on NF Payrolls this morning. Unemployment rate rose to 8.2% from 8.1%.

Futures down big
 6 years ago '08        #475
o7media 50 heat pts50 OP
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 o7media said:

VIX now at $25.10 ..from $19 when I posted. +32%
VIX high of $26.02 from $19 +37%
 6 years ago '08        #476
o7media 50 heat pts50 OP
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 o7media said:
That 1270-1280 area coming.

Huge miss on NF Payrolls this morning. Unemployment rate rose to 8.2% from 8.1%.

Futures down big

Here's 1280 S&P...
 6 years ago '08        #477
o7media 50 heat pts50 OP
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 o7media said:
............


New levels since I posted this...

DOW 12,440 ---- Down 560
S&P 1,304 ---- Down 66
NASDAQ 2,813 ----- Down 145


Down 4.5% on Dow
Down 4.8% on S&P
Down 4.9% on Nasdaq

The VIX was just below $19. Now at $24.40 +28.4% since.


Lows this week:

DOW 12,107 ---- Down 893
S&P 1,277 -6.8% ---- Down 93
NASDAQ 2,747 -7.1% ---- Down 211

Down 6.9% on Dow
Down 6.8% on S&P
Down 7.1% on Nasdaq

VIX was at $19. Hit a high of $26.71 today ... +40.6%



 6 years ago '08        #478
o7media 50 heat pts50 OP
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 o7media said:
Umm no the dollar went up during the crash, as it goes up during market weakness. Stocks and the dollar have an inverse relationship. Look at the USD index and the recent correction...

Not sure what you're looking at but either it's the wrong chart or you're looking at it upside down? lol

The VXX isn't about the price being more expensive, it's about it being riskier. It is something I'm considering though, either I'll go long on UUP (January 2013 LEAPS) or long on VXX (Jan 2013 LEAPS). I haven't decided yet, I was originally considering SPY puts, but realized it wasn't worth it.

Here's the DXY (Dollar Index) ..look at 2008.




Here's the UUP (Bull USD)


[pic - click to view]



Here's the UUP and $DJI overlaid on it:


[pic - click to view]



By the way.... since I started this thread the USD has gained value while Gold has sold off.

UUP was at $21.93 as you can see on the chart in the quote. It's now $23.00 (high for today).


 6 years ago '06        #479
philly337 21 heat pts21
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You develop websites 07 or just graphic designs?
 6 years ago '08        #480
o7media 50 heat pts50 OP
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 philly337 said:
You develop websites 07 or just graphic designs?
neither anymore.
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