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The Maginot Line is 8,000
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The_Venerable
User ID: 412220
10/11/2008 9:23 AM
Report abusive post | The Maginot Line is 8,000
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If the Dow falls below 8,000 on Monday, like Friday automatic computer buys will kick in...but should 8,000 go down, there is absolutely nothing standing in the way of a total free-fall on Monday. The Dow will in a matter of a few minutes drop to around 7,300. At which point, trading would be halted, either for the day or a half hour or hour, depending on what time of day the crash takes place. If trading resumes Monday, PPT will likely have defenses at another number, maybe 7,000...but it won't be enough. The Dow will continue to fall, albeit at a slower pace, until either 4:00 close or if it crashes to 6,150 it would be stopped for the day.
It will be interesting to see what happens on Monday. |
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Coach 
Strength & Honor
User ID: 523315
10/11/2008 9:28 AM
 | | Re: The Maginot Line is 8,000 | Quote |
I wonder what kind of impact them purchasing bank stocks will have.. 8000 will be defended hard haha |
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Anonymous Coward
User ID: 317795
10/11/2008 9:30 AM | | Re: The Maginot Line is 8,000 | Quote |
Aren't we pretty close to 8,000 already? |
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The_Venerable
User ID: 412220 (OP)
10/11/2008 9:30 AM | | Re: The Maginot Line is 8,000 | Quote |
Aren't we pretty close to 8,000 already? Quoting: Anonymous Coward 317795
8,451.19 right now. |
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The_Venerable
User ID: 412220 (OP)
10/11/2008 9:31 AM | | Re: The Maginot Line is 8,000 | Quote |
Also I think S&P has one around 850... |
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OneAngryMom
User ID: 506709
10/11/2008 9:31 AM
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Um
Monday is a Govt Holiday
banks are closed
isn't Wall Street closed, too? |
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Coach
Strength & Honor
User ID: 523315
10/11/2008 9:35 AM
| | Re: The Maginot Line is 8,000 | Quote |
Um
Monday is a Govt Holiday
banks are closed
isn't Wall Street closed, too? Quoting: OneAngryMom
nope, markets are open for failure |
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The_Venerable
User ID: 412220 (OP)
10/11/2008 9:43 AM | | Re: The Maginot Line is 8,000 | Quote |
Coach you think it's gonna crash Monday? |
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Anonymous Coward
User ID: 433183
10/11/2008 9:47 AM | | Re: The Maginot Line is 8,000 | Quote |
Monday is October 13th. It is a very 'holy day' to the world's most powerful bankers, the Knights Templar. It is also Columbus Day Holiday.
King Ferdinand and Queen Isabella of Spain decided to give Columbus the ships, men and supplies he needed. Columbus planted his flag in the new world. It contained a green cross;the Kights Templar cross.
Perhaps Monday will be another day the New World is rediscovered after G7 banksters explore. |
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DanG
User ID: 479550
10/11/2008 9:48 AM | | Re: The Maginot Line is 8,000 | Quote |
Markets open... banks closed
interesting timing peeps, ya might wanna grab a wee bit o cash this weekend |
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Anonymous Coward
User ID: 433183
10/11/2008 9:50 AM | | Re: The Maginot Line is 8,000 | Quote |
 |
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Coach
Strength & Honor
User ID: 523315
10/11/2008 9:53 AM
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Coach you think it's gonna crash Monday? Quoting: The_Venerable 412220
buhaha, wow.. good question, I think everyday last week we were on the verge.. I think they know its going down, and down hard. So the plan is to make it a controlled demolition rather than a complete collapse. We saw it take a margin buyers rather after the 8,000 line was broken Friday and towards the end it looked like short sellers were trying to get in on it. As for Monday, I doubt it crashes or takes a hard hit, people are going to want to see what the purchase of bank stock does. I wish they'd just let it crash so we could begin the slow climb back but they need to make sure the their asses are cleared and free of too much civil unrest. What do you think? |
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The_Venerable
User ID: 412220 (OP)
10/11/2008 9:58 AM | | Re: The Maginot Line is 8,000 | Quote |
Coach you think it's gonna crash Monday?
buhaha, wow.. good question, I think everyday last week we were on the verge.. I think they know its going down, and down hard. So the plan is to make it a controlled demolition rather than a complete collapse. We saw it take a margin buyers rather after the 8,000 line was broken Friday and towards the end it looked like short sellers were trying to get in on it. As for Monday, I doubt it crashes or takes a hard hit, people are going to want to see what the purchase of bank stock does. I wish they'd just let it crash so we could begin the slow climb back but they need to make sure the their asses are cleared and free of too much civil unrest. What do you think? Quoting: Coach
I think Morgan Stanley is on the ropes...the government is going to have to bail them out any time now. It could happen today, if not it will happen sometime this week. With the Lehman's auction on Friday, companies now know where they stand liquidity wise and if they need more to cover liabilities. There is only one way to generate liquidity right now and that's through the market.
I think it's going to be a big fail. But I thought that about Friday. But it would make sense for everyone to wait until the weekend to review just what the auction means. |
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The_Venerable
User ID: 412220 (OP)
10/11/2008 10:26 AM | |
The_Venerable
User ID: 412220 (OP)
10/11/2008 10:28 AM | |
Anonymous Coward
User ID: 522732
10/11/2008 10:28 AM | | Re: The Maginot Line is 8,000 | Quote |
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Coach
Strength & Honor
User ID: 523315
10/11/2008 2:29 PM
| | Re: The Maginot Line is 8,000 | Quote |
I think Morgan Stanley is on the ropes...the government is going to have to bail them out any time now. It could happen today, if not it will happen sometime this week. With the Lehman's auction on Friday, companies now know where they stand liquidity wise and if they need more to cover liabilities. There is only one way to generate liquidity right now and that's through the market.
I think it's going to be a big fail. But I thought that about Friday. But it would make sense for everyone to wait until the weekend to review just what the auction means. Quoting: The_Venerable 412220
Well I know that 700 billion isn't gonna go far, not past Tuesday with the stock option purchases and a couple bank bailouts. Thats why I tend to believe that the opening of the week won't be as bad as the ending. But I hope you're right, cause the sooner the better. Like always tho, it'll depend on how the wave starts in Asia..then to Europe..lastly here. So down with the Nikkei! ha |
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The_Venerable
User ID: 412220 (OP)
10/11/2008 9:01 PM | | Re: The Maginot Line is 8,000 | Quote |
I think Morgan Stanley is on the ropes...the government is going to have to bail them out any time now. It could happen today, if not it will happen sometime this week. With the Lehman's auction on Friday, companies now know where they stand liquidity wise and if they need more to cover liabilities. There is only one way to generate liquidity right now and that's through the market.
I think it's going to be a big fail. But I thought that about Friday. But it would make sense for everyone to wait until the weekend to review just what the auction means.
Well I know that 700 billion isn't gonna go far, not past Tuesday with the stock option purchases and a couple bank bailouts. Thats why I tend to believe that the opening of the week won't be as bad as the ending. But I hope you're right, cause the sooner the better. Like always tho, it'll depend on how the wave starts in Asia..then to Europe..lastly here. So down with the Nikkei! ha Quoting: Coach
They are only taking care of one part of the problem though. Yes, liquidity is a big deal right now, but credit remains the other issue. Until trust and credit are restored, the drop will continue unabated.
One interviewee on tv last week said it best...basically, if you're a bank looking to do business (loan out money), you're in a room with 100 other bankers. A couple of them have an incurable disease, and if you do business with them, you will get it also. You don't know who has the deadly disease and who doesn't. 90some of them are fine, but would you just jump in and start doing business not knowing who the few are that will kill your company?
That is the fundamental problem right now. |
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The_Venerable
User ID: 412220 (OP)
10/11/2008 9:02 PM | | Re: The Maginot Line is 8,000 | Quote |
^^^^^^^
Until that issue is addressed, other actions they take won't matter. No matter how much they give that banker, they still aren't going to do business when they don't know who might kill their company. |
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Concerned Reader
User ID: 8526
10/11/2008 9:06 PM | | Re: The Maginot Line is 8,000 | Quote |
If it goes to 7000, I'm going all in, theres money to be made. |
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Anonymous Coward
User ID: 523315
10/11/2008 9:10 PM | | Re: The Maginot Line is 8,000 | Quote |
Well monday should set the tone for the rest of the week.. |
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The_Venerable
User ID: 412220 (OP)
10/11/2008 9:11 PM | | Re: The Maginot Line is 8,000 | Quote |
If it goes to 7000, I'm going all in, theres money to be made. Quoting: Concerned Reader 8526
Watch the credit markets...don't go in until credit eases. No matter what anyone else or any chart says. This isn't a normal "down cycle". And it won't behave like one. |
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Anonymous Coward
User ID: 151657
10/11/2008 9:13 PM | | Re: The Maginot Line is 8,000 | Quote |
If it goes to 7000, I'm going all in, theres money to be made. Quoting: Concerned Reader 8526
Be careful this might be a long overdue adjustment. As long as you are in for the long haul you will make a good ammount, but i dont think you will become a millionaire. |
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The_Venerable
User ID: 412220 (OP)
10/11/2008 9:25 PM | | Re: The Maginot Line is 8,000 | Quote |
Also watch Treasury Bonds...if they suddenly crash, and this is a possibility at some point, then the entire economy is fucked way beyond repair. The Dow would go to almost zero as fast as the trading halts would allow it to. |
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Anonymous Coward
User ID: 471491
10/11/2008 9:27 PM | | Re: The Maginot Line is 8,000 | Quote |
 |
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Lastcall
User ID: 523645
10/11/2008 9:35 PM | | Re: The Maginot Line is 8,000 | Quote |
Also watch Treasury Bonds...if they suddenly crash, and this is a possibility at some point, then the entire economy is fucked way beyond repair. The Dow would go to almost zero as fast as the trading halts would allow it to. Quoting: The_Venerable 412220
With so many banks failing and stocks being drug down with them, many short term investors are selling off stocks to raise cash for the bargains you can snatch up, this is driving stock prices down even further, causing a panic, which the smart investors will make billions on.
The smart money is preparing to snatch up assets at a considerable discount...the dumb money panics,and practically gives those assets away.
I regard panic sells as a tax on the economically challenged...you should be preparing to buy.
. |
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Bugsy Malone
User ID: 520390
10/11/2008 9:40 PM
 | | Re: The Maginot Line is 8,000 | Quote |
Good thread The_Venerable - keep it coming and on the front page. In connection with all this it's useful to read my thread (still on the front page I think) titled Important - please read. |
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The_Venerable
User ID: 412220 (OP)
10/11/2008 9:40 PM | | Re: The Maginot Line is 8,000 | Quote |
Also watch Treasury Bonds...if they suddenly crash, and this is a possibility at some point, then the entire economy is fucked way beyond repair. The Dow would go to almost zero as fast as the trading halts would allow it to.
With so many banks failing and stocks being drug down with them, many short term investors are selling off stocks to raise cash for the bargains you can snatch up, this is driving stock prices down even further, causing a panic, which the smart investors will make billions on.
The smart money is preparing to snatch up assets at a considerable discount...the dumb money panics,and practically gives those assets away.
I regard panic sells as a tax on the economically challenged...you should be preparing to buy.
. Quoting: Lastcall 523645
I think what you fail to see is this crisis is not "normal". It hasn't happened like this before. The entire system is going down. This isn't a decline, followed by a bull or extended dead cat bounce...
Even in the event that the system survives, don't buy until the credit market eases up. Until that happens, there is a zero percent chance of any let-up from the last week or two.
On the other hand, there is a chance that foreign asset holders are going to stop allowing the U.S. to sell more imaginary debt. If this happens, and if you listen to the lawmakers who are hinting at "financial terrorism" (and read between the lines)...then it is a good guess to assume this is already happening. If so, treasury bonds will collapse and the entire system will come down in days. |
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The_Venerable
User ID: 412220 (OP)
10/11/2008 10:20 PM | | Re: The Maginot Line is 8,000 | Quote |
Good thread The_Venerable - keep it coming and on the front page. In connection with all this it's useful to read my thread (still on the front page I think) titled Important - please read. Quoting: Bugsy Malone
Thanks Bugsy I just checked yours out. Very interesting, I figured the UK banks were in trouble (I posted a week ago that RBS might go under) but had not seen any updates until that article in your thread.
I will be surprised if we don't hear anything about those UK banks and Morgan Stanley before Monday. |
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The_Venerable
User ID: 412220 (OP)
10/11/2008 10:47 PM | | Re: The Maginot Line is 8,000 | Quote |
Important updates!!!
[link to www.godlikeproductions.com]
The market will absolutely crash on Monday. Fitting that it will take place on Columbus (Native American Genocide) Day... |
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IN GOD I TRUST
User ID: 507408
10/11/2008 11:01 PM | | Re: The Maginot Line is 8,000 | Quote |
Hey coach, is ET contact Oct14 going to have an efect on the markets LOL |
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