Comments on: The Two Prior 7 Day Declines in the Dow since 2000 http://blog.afraidtotrade.com/the-two-prior-7-day-declines-in-the-dow-since-2000/ Helping traders overcome fears and emotions in trading Thu, 09 Feb 2012 14:53:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Tom http://blog.afraidtotrade.com/the-two-prior-7-day-declines-in-the-dow-since-2000/comment-page-1/#comment-137150 Tom Fri, 10 Oct 2008 18:24:28 +0000 http://blog.afraidtotrade.com/?p=3088#comment-137150 Corey you are great! The voice of reason. I don't want to go charging in like a Lion being led by a donkey. WWI quote in regard to the massacre in the trenches of so many young men. Did buy in my IRA an oil income trusts with extremely high yield, which I may regret with the hit oil is taking. A perusal of the Oil charts or of USO may be something to look at. Oil at $45.00 no too far off? Corey you are great! The voice of reason. I don’t want to go charging in like a Lion being led by a donkey. WWI quote in regard to the massacre in the trenches of so many young men. Did buy in my IRA an oil income trusts with extremely high yield, which I may regret with the hit oil is taking. A perusal of the Oil charts or of USO may be something to look at. Oil at $45.00 no too far off?

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/the-two-prior-7-day-declines-in-the-dow-since-2000/comment-page-1/#comment-137146 Corey Rosenbloom Fri, 10 Oct 2008 15:51:53 +0000 http://blog.afraidtotrade.com/?p=3088#comment-137146 Tom, I think you could be right - the Fibonacci retracement levels were blown through, as were prior levels of expected support. TA is designed to apply structure to price/volume which is reflected by supply/demand & psychology among other things, but when fear has gripped the market as badly as it has, nothing is working. Not TA support levels, not Fundamental Valuations and not Quantitative Analysis (whose models likely don't incorporate such volatile environments). We can just ride it out until things return to 'normalcy'. Tom,

I think you could be right – the Fibonacci retracement levels were blown through, as were prior levels of expected support. TA is designed to apply structure to price/volume which is reflected by supply/demand & psychology among other things, but when fear has gripped the market as badly as it has, nothing is working. Not TA support levels, not Fundamental Valuations and not Quantitative Analysis (whose models likely don’t incorporate such volatile environments).

We can just ride it out until things return to ‘normalcy’.

]]> By: Tom http://blog.afraidtotrade.com/the-two-prior-7-day-declines-in-the-dow-since-2000/comment-page-1/#comment-137136 Tom Fri, 10 Oct 2008 14:15:40 +0000 http://blog.afraidtotrade.com/?p=3088#comment-137136 Should have said. You may be onto something. We'll see. Should have said. You may be onto something. We’ll see.

]]> By: Tom http://blog.afraidtotrade.com/the-two-prior-7-day-declines-in-the-dow-since-2000/comment-page-1/#comment-137134 Tom Fri, 10 Oct 2008 13:28:42 +0000 http://blog.afraidtotrade.com/?p=3088#comment-137134 I posted this on another blog I read and I think it has merit. While crashes are rare events they do happen but normal Technical Analysis does not work in crashes in my opinion unfortunately. It is a guess and maybe a good one as to what level the indexes will stop going down. Who knows? Hell this could end up being worse than 1929 and nobody is saying that yet. The Nikkei in 1990 maybe the best flawed model. It went form 38000+ to around 7000 something if memory serves. It did it though over a long period though. I posted this on another blog I read and I think it has merit.

While crashes are rare events they do happen but normal Technical Analysis does not work in crashes in my opinion unfortunately. It is a guess and maybe a good one as to what level the indexes will stop going down. Who knows? Hell this could end up being worse than 1929 and nobody is saying that yet. The Nikkei in 1990 maybe the best flawed model. It went form 38000+ to around 7000 something if memory serves. It did it though over a long period though.

]]> By: Tim http://blog.afraidtotrade.com/the-two-prior-7-day-declines-in-the-dow-since-2000/comment-page-1/#comment-137105 Tim Fri, 10 Oct 2008 04:27:59 +0000 http://blog.afraidtotrade.com/?p=3088#comment-137105 Things are fine, just stay away from the index or name brand stocks. even Penny stocks are better now. in Fact, go Green for a while: http://stocktruth.com/green.php All the green energy stocks will pull out of this first because the US will toss more money at them. Things are fine, just stay away from the index or name brand stocks. even Penny stocks are better now.

in Fact, go Green for a while:
http://stocktruth.com/green.php

All the green energy stocks will pull out of this first because the US will toss more money at them.

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