This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
What makes me anxious even as a bear is that in 1987 we had a 25% down day in one day. now we are much much higher, with everyone walking around with a hand held device to sell instantly. Then you needed to contact your broker who didn't answer the phone, or as now you can't get out of most mutual funds until the close. Now we have ETFS" to enhance the speed of the sell. Check out the chart bottom left 1987-1988 and where we stand now. http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=DJIA&insttype=Index&freq=2&show=&time=20 nitram
yes thanks Nitram,all those algos and HFT machines too too
Hey buddy can you do me a favor on your Hubb? You are much better and knowledgeable than I am with it. I need a nice clean line from March low in 2009 to 1946.79 end week of May 26, 2014 and another off lows in June 2012 and June 2013. Key here is 1906-1946 which is 640 off 2012 low and 1280 off the March 09 low. I was going to email but thought I would stop by and read :-)
Thanks SJ. Hope you are well