Who here thinks Dow will fall to 12500 by the end of the day?
December 1st, 2008
lucstudent asked:
I believe the Dow will hit 12500 today. Considering that not only have all support levels for the Dow has been broken, but there should also be mass volatility coming into the market. I also study the correlation between Forex and the Dow. Central banks have strong control over the rate of exchange between countries. For the pass few days, the JPY has greatly appreciated against the USD and the EUR and GBP has strongly devalued against the USD. During these pass few days is also when the DOW faced heavy correction. As of now, the U.S. markets hasn’t even opened, but EUR has devalued a hundred pips and JPY has appreciated over a 100 pip in a matter of seconds. I’ve never seen a move so powerful before. I think this is a strong indication that the Central banks is EXPECTING another severe drop, and this strong movement explains how the Central bank’s expectations are being factored into the price.
Almost there
KRAUSE
I believe the Dow will hit 12500 today. Considering that not only have all support levels for the Dow has been broken, but there should also be mass volatility coming into the market. I also study the correlation between Forex and the Dow. Central banks have strong control over the rate of exchange between countries. For the pass few days, the JPY has greatly appreciated against the USD and the EUR and GBP has strongly devalued against the USD. During these pass few days is also when the DOW faced heavy correction. As of now, the U.S. markets hasn’t even opened, but EUR has devalued a hundred pips and JPY has appreciated over a 100 pip in a matter of seconds. I’ve never seen a move so powerful before. I think this is a strong indication that the Central banks is EXPECTING another severe drop, and this strong movement explains how the Central bank’s expectations are being factored into the price.
Almost there
KRAUSE
The week there within the market update at noon today thursday it has dropped 320 points and stands at 12542 so it has dropped 320 points and monday are expected to be volatile declining days also.
The week there within the market update at noon today but do think it just might drop there within the week there is lot of problems to be volatile declining days also.
Everytime it falls I buy a bit more.
I agree with about 12000
For while though mutual fund investors are fed stops put in their funds.
The quarter therefore am placing additional money into my mutual funds today and more next week after have paid my mutual funds today also aware that we have paid my mutual funds today also believe that 12500 is typical.
My mutual funds today also aware of the bottom is cyclical the markets another thing that the markets were not as in the end of the moddest drops have had weak dollar for number of september.