DOW One Month chart, and wonder where were really headed?

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WWIIwarrior

DOW One Month chart, and wonder where were really headed?

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Posts: 639

07/02/09 03:45 PM

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All of these positives words coming from the so called experts including Obama around May the 1st... I would think that if we bottomed out as said by the experts, this Chart should look a whole lot better then this... Would you agree?
Just give us the facts mam...

1m

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grampatom.voctrial

#1

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Posts: 582

07/02/09 07:48 PM

If I were you, Warrior, I would sell the Mustang, take the money to Goodwill and buy some tatty clothing, then just go somewhere and enjoy your own depression.

WWIIwarrior

grampatom

#2

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Posts: 639

07/02/09 07:59 PM

grampatom wrote:
If I were you, Warrior, I would sell the Mustang, take the money to Goodwill and buy some tatty clothing, then just go somewhere and enjoy your own depression.

Why would I do that when I am having a time of my life and enjoying it to no end?

Thack

#3

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Posts: 1799

07/03/09 11:30 AM

With the rise in unemployment, I expect personal credit to become a huge problem. If your financial investments have a hand in credit cards, you might want to sell.

I think I will regret my investment in Citicorp before all is said and done.

I also think the market will be around 6000 next year. I hope I'm wrong.

Calluna

#4

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Posts: 1320

07/03/09 12:54 PM

Look at a longer term than one month and you get a better picture. There are ALWAYS fluctuations in the market, that's a normal part of how it works, so anytime you start trying to draw conclusions from a short time frame, you run the risk of erroneous conclusions. Click one of those other tabs on the same page and look at a 3 mo or 6 mo chart for example, and you can see a clear nadir in early March, and a steady recovery since then.

Of course, you can choose to put on your tinfoil hat and hide in your fallout shelter waiting for doomsday, but I think that's just a waste of tinfoil.

macroscopic.dubland

#5

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Posts: 2576

07/03/09 01:18 PM

Calluna wrote:
Look at a longer term than one month and you get a better picture. There are ALWAYS fluctuations in the market, that's a normal part of how it works, so anytime you start trying to draw conclusions from a short time frame, you run the risk of erroneous conclusions. Click one of those other tabs on the same page and look at a 3 mo or 6 mo chart for example, and you can see a clear nadir in early March, and a steady recovery since then.

Of course, you can choose to put on your tinfoil hat and hide in your fallout shelter waiting for doomsday, but I think that's just a waste of tinfoil.

i think that we are heading pretty much sideways. i dismiss the Grizzly talk of Dow 2000. i think that is silly. the Dow would be very well valued at 4000, so i doubt we would ever see anything lower than that. and, by that same token, 6500 is a pretty good level.

WWIIwarrior

#6

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Posts: 639

07/03/09 01:24 PM

Calluna wrote:
Look at a longer term than one month and you get a better picture. There are ALWAYS fluctuations in the market, that's a normal part of how it works, so anytime you start trying to draw conclusions from a short time frame, you run the risk of erroneous conclusions. Click one of those other tabs on the same page and look at a 3 mo or 6 mo chart for example, and you can see a clear nadir in early March, and a steady recovery since then.

Of course, you can choose to put on your tinfoil hat and hide in your fallout shelter waiting for doomsday, but I think that's just a waste of tinfoil.

Caluluna
I just showed you the short term to see the present direction and If you have been following me, I have even showed the year as well as from the days of the 29 depression... I only show what is the present direction along with a few words... No one can predict the Market for a long period of time, and can assure you that I don't use tin foil in any way... LOL

FrontlineCatch 22.RealSpeakUp

#7

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Posts: 536

07/03/09 01:27 PM

macroscopic wrote:

Calluna wrote:
Look at a longer term than one month and you get a better picture. There are ALWAYS fluctuations in the market, that's a normal part of how it works, so anytime you start trying to draw conclusions from a short time frame, you run the risk of erroneous conclusions. Click one of those other tabs on the same page and look at a 3 mo or 6 mo chart for example, and you can see a clear nadir in early March, and a steady recovery since then.

Of course, you can choose to put on your tinfoil hat and hide in your fallout shelter waiting for doomsday, but I think that's just a waste of tinfoil.

i think that we are heading pretty much sideways. i dismiss the Grizzly talk of Dow 2000. i think that is silly. the Dow would be very well valued at 4000, so i doubt we would ever see anything lower than that. and, by that same token, 6500 is a pretty good level.

If the DOW hits 4,000 I am scraping up all the money I can and plow the pile right into an index fund. If it hits 2,000 I am selling my daughter to the highest bidder and put the proceeds in as well ...

macroscopic.dubland

#8

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Posts: 2576

07/03/09 01:33 PM

FrontlineCatch 22 wrote:

macroscopic wrote:

Calluna wrote:
Look at a longer term than one month and you get a better picture. There are ALWAYS fluctuations in the market, that's a normal part of how it works, so anytime you start trying to draw conclusions from a short time frame, you run the risk of erroneous conclusions. Click one of those other tabs on the same page and look at a 3 mo or 6 mo chart for example, and you can see a clear nadir in early March, and a steady recovery since then.

Of course, you can choose to put on your tinfoil hat and hide in your fallout shelter waiting for doomsday, but I think that's just a waste of tinfoil.

i think that we are heading pretty much sideways. i dismiss the Grizzly talk of Dow 2000. i think that is silly. the Dow would be very well valued at 4000, so i doubt we would ever see anything lower than that. and, by that same token, 6500 is a pretty good level.

If the DOW hits 4,000 I am scraping up all the money I can and plow the pile right into an index fund. If it hits 2,000 I am selling my daughter to the highest bidder and put the proceeds in as well ...

please post pictures before you offer her up. i always wanted a daughter.

PS- i agree completely. i could not even comment on Grizzly's Dow2k thread.

WWIIwarrior

#9

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Posts: 639

07/03/09 02:53 PM

macroscopic wrote:

Calluna wrote:
Look at a longer term than one month and you get a better picture. There are ALWAYS fluctuations in the market, that's a normal part of how it works, so anytime you start trying to draw conclusions from a short time frame, you run the risk of erroneous conclusions. Click one of those other tabs on the same page and look at a 3 mo or 6 mo chart for example, and you can see a clear nadir in early March, and a steady recovery since then.

Of course, you can choose to put on your tinfoil hat and hide in your fallout shelter waiting for doomsday, but I think that's just a waste of tinfoil.

i think that we are heading pretty much sideways. i dismiss the Grizzly talk of Dow 2000. i think that is silly. the Dow would be very well valued at 4000, so i doubt we would ever see anything lower than that. and, by that same token, 6500 is a pretty good level.

Macro
I mostly agree since i can never foresee the DOW below 4 K, but it would never surprise me if it did... Yes, 6500 is a good level to stop at for awhle

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DOW One Month chart, and wonder where were really headed?

DOW One Month chart, and wonder where were really headed?

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