Dow crosses back over 9,000

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  • Chi_archie
    SBR Aristocracy
    • 07-22-08
    • 63172

    #1
    Dow crosses back over 9,000
    when do we drop down below 8,000?

    tomorrow? end of this week? or now that October is ending maybe we stabalize a bit?

    I know we are in a deep deep big big mess, but where and when is this bottom?
  • jjgold
    SBR Aristocracy
    • 07-20-05
    • 388179

    #2
    We are heading to about 7,000

    Not even close to a bottom, the economy is in the worst shape since the depression.
    Comment
    • MonkeyF0cker
      SBR Posting Legend
      • 06-12-07
      • 12144

      #3
      We'll see it bounce around between 8-9k for a while I think. There probably will be nothing but bad news for a while. However, many traders are seeing value in the current pricing.
      Comment
      • SlickFazzer
        SBR Posting Legend
        • 05-22-08
        • 20209

        #4
        Need another 6 months+ for it to wash out completely.
        Comment
        • Deuce
          BARRELED IN @ SBR!
          • 01-12-08
          • 29843

          #5
          Originally posted by jjgold
          We are heading to about 7,000

          Not even close to a bottom, the economy is in the worst shape since the depression.
          You're fukkin clueless old man.
          Comment
          • RageWizard
            SBR MVP
            • 09-01-06
            • 3008

            #6
            OK I told you Thursday that we were in for a rally. I wasn't fucking around either. Friday we got rolled over by the Asian markets selling off, and if you would have picked up stock right off of the open when stocks tanked for 500 points, and put a 5% stop like I told you, you would be sitting pretty good at this point. Don't worry, the rally isn't over, it may pull back a bit, but the trend is towards the upside for a while. How long is a while, who the hell knows, but the first level happens at around 9500, if the dow can get above that level, then we can go for the 50 day moving average which is around 10,500. Keep in mind, that JJ is right when he says we are headed toward 7000, but the market seldom moves all at once like it did in the begining of October. Watch the IWM chart for diminshied buying. Another words as the stock price goes up, for a rally to be sustainable, the volume needs to increase as the price increases, like it did today from 2:00 on. If the price of the stock is increasing on a daily chart and the volume is also increasing, this is a good sign. If the price is increasing and the volume is decreasing on a daily chart, that is a sign that the rally is getting tired, and it is a time to get out.
            Comment
            • Chi_archie
              SBR Aristocracy
              • 07-22-08
              • 63172

              #7
              Originally posted by jjgold
              We are heading to about 7,000

              Not even close to a bottom, the economy is in the worst shape since the depression.


              how does he do it.... this guy is sharp in many areas of life
              Comment
              • pokernut9999
                SBR Posting Legend
                • 07-25-07
                • 12757

                #8
                Originally posted by Chi_archie
                how does he do it.... this guy is sharp in many areas of life
                I have been saying it for awhile that JJ is one of the sharpest guys on the forum yet these kids have no clue about the guy.


                Comment
                • Chi_archie
                  SBR Aristocracy
                  • 07-22-08
                  • 63172

                  #9
                  JJ, pulls the wool over 99.8% of posters... i'm still convinced the fuker is fading his picks on his spreadsheet....... guy is hitting 53% easy

                  gambling is just fun and games for him anyways... he has sooo many irons in the fire its unreal...

                  I made a vid about some kids awhile back... he sent me $1,600 to put on a Christmas party with a big dinner and give them all gifts....it was great.... in fact... the night of that party is when I did the infamous hidden video of my gf despising sbr...

                  JJ, has a huge heart and huge pocketbook
                  Comment
                  • pokernut9999
                    SBR Posting Legend
                    • 07-25-07
                    • 12757

                    #10
                    Originally posted by Chi_archie
                    JJ, pulls the wool over 99.8% of posters... i'm still convinced the fuker is fading his picks on his spreadsheet....... guy is hitting 53% easy

                    gambling is just fun and games for him anyways... he has sooo many irons in the fire its unreal...

                    I made a vid about some kids awhile back... he sent me $1,600 to put on a Christmas party with a big dinner and give them all gifts....it was great.... in fact... the night of that party is when I did the infamous hidden video of my gf despising sbr...

                    JJ, has a huge heart and huge pocketbook
                    When I first came to this site people said he posts the opposite of what he bets, could be truth to that
                    Comment
                    • wtf
                      SBR Posting Legend
                      • 08-22-08
                      • 12983

                      #11
                      dont fuk with the KING of sbr
                      Comment
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