The stock market is crashing....

[coyotte]

see GP,this is the problem I have with charts
they seem to read the past flawlessly,why cant they say the same thing before it happens not after,cant be that difficult can it,
yep i`m raving

Very simple lesson in the chart posted just prier to your post ,by GreatPig

Notice the bubble in price above the top tread line
this is telling you that this is unsubstaniable and predicting a fall back between the two lines (normal trading range )

You must learn to hold your own counsol & not relly on others -- otherwise you are just following the sheep


this is a tremendouse learning oppurtunity -- learn from this so as to profit when the REAL bear hits !

 

[powerkoala]

Here we go
Another RED tomorrow
Let's celebrate
To our BEAR,... :swear:
--Shoot in the head--
Bang Bang Bang....

 

[serp]

The DOW is up at the moment, I don't see all the big fuss.

 

[coyotte]

The DOW is up at the moment, I don't see all the big fuss.

It a'nt now

 

[noirua]

As of posting: FTSE 100 is down 107.4 ( 1.88% ) at 5599; Dow Jones 40 is down 21.13 at 10,909.47; Euro interest rates rise to 2.75%; UK interest rates kept at 4.50%; Oil price falls on death of Abu Musab al-Zarqawi in Iraq, UK Brent US$68.35 and US sweet crude at US$69.54; and UK manufacturing output fell 0.2%.

BP down 3%, Lonmin down 7%, Xstrata down 6.5%, Tesco up 1.5%, Merrill Lynch World Mining IT down 4%, BHP down 6%, Templeton Emerging Market IT down 4% and Anglo-American down 6%.

 

[brerwallabi]

As of posting: FTSE 100 is down 107.4 ( 1.88% ) at 5599; Dow Jones 40 is down 21.13 at 10,909.47; Euro interest rates rise to 2.75%; UK interest rates kept at 4.50%; Oil price falls on death of Abu Musab al-Zarqawi in Iraq, UK Brent US$68.35 and US sweet crude at US$69.54; and UK manufacturing output fell 0.2%.

And the great thing is we are in bull market - rock on.

 

[wayneL]

As of posting: FTSE 100 is down 107.4 ( 1.88% ) at 5599; Dow Jones 40 is down 21.13 at 10,909.47; Euro interest rates rise to 2.75%; UK interest rates kept at 4.50%; Oil price falls on death of Abu Musab al-Zarqawi in Iraq, UK Brent US$68.35 and US sweet crude at US$69.54; and UK manufacturing output fell 0.2%.

BP down 3%, Lonmin down 7%, Merrill Lynch World Mining down 4%, BHP down 6% and Anglo-American down 6%.

....and I've run out of cartoons. Damn, I'll just have to recycle old ones!

Hang on! Have I done this one?\/

 

[noirua]

Gold PM fix in London at US$614, FTSE 100 reverses further down 2% and DOW 40 declines further -44.03, US Dollar strengthens.

Consolidated Minerals declines further at 73.5p, down 2.5p.

 

[wayneL]

Yo! Getting Fugly!!

 

[BentRod]

LMAO Wayne....where do you get this stuff from?

Very funny mate.

Should be a good day for the bears tomorrow.

where do I get a badge??

 

[wayneL]

LMAO Wayne....where do you get this stuff from?

Very funny mate.

Should be a good day for the bears tomorrow.

where do I get a badge??

I grab them when I see them

Would you like the Uberbear badge or the regular Grizzly Bear badge?

 

[BentRod]

I'll take the Uber 1337 Fanx :

 

[mit]

A bit of a wild ride back to where it started DOW closed +8 after being down -179 during the night. Is this the bottom of the correction? or is it a little breather before then next big drop. Stay tuned for more excitement.

MIT

 

[bullmarket]

A bit of a wild ride back to where it started DOW closed +8 after being down -179 during the night. Is this the bottom of the correction? or is it a little breather before then next big drop. Stay tuned for more excitement.

MIT

could be a dead cat bounce...

cheers

bullmarket

 

[nizar]

Correction finished?

"The heavy trading volume today was a good indication that we were nearing the end of this decline," said Peter Cardillo, chief strategist at SW Bach & Co.

"I think the market is probably going to begin to stabilise over the next couple of days."

http://afr.com/articles/2006/06/09/1149359913899.html

 

[bullmarket]

Hi nizar

my gut feeling is that there could be a dead cat bounce within the next few days but imo the trend on the daily XJO chart is now clearly down since early May.

I'm sticking to my posts and thoughts of the last few weeks that XJO will settle in the 4800-5000 range for the forseeble future. I think that a retesting of ~4800 is definitely on the cards now in the short term.

cheers

bullmarket

 

[Sean K]

The dead cat was 5000 back to 5100, now correction, consolidation. PEs must be looking very good now. No company downdgrades that I have seen. Should be all record reports again this year.

 

[bullmarket]

Hi kennas

The dead cat was 5000 back to 5100, now correction, consolidation. PEs must be looking very good now. No company downdgrades that I have seen. Should be all record reports again this year.

I still don't see the average market PER's as 'very good' yet.

I posted my average market PER's spreadsheet a few months back. Imo the PER's are now at the very best 'fair value' but I still think there is more downside than upside risk for at least the short term. Imo there will probably be another dead cat bounce during the next week or so as part of the downtrend from early May (ref: XJO daily chart) but a retesting of ~4800 is likely in the forseeable future the way I see it.

cheers

bullmarket

 

[Sean K]

Bull, I saw a chart a couple of days ago that had the pe plotted and it was well under the average. Market's gone down a couple of % since then so I'm just ass u me ing that it's even more under the average.

 

[bullmarket]

ok no problem kennas

the reason I created my own spreadsheet is because I got sick and tired of seeing different 'market PER's' quoted in various parts of the media.

The differences are probably due to some analysts using current EPS numbers, some using forcast EPS numbers and some using a prorated number of both. I also don't know if they use current share prices (which means I don't know how old the chart is) or whether they use some sort of weekly, monthly or whatever average share price. I also don't know if the company constituents of 'media PER's' is up to date (S&P update their indexes every 3 months)....hence I created my own spreadsheet which calculates the average weighted and unweighted PER for the ASX50,100,200,300 indexes based on the current constituents of each index sourced from the S&P website, 12 month forcast EPS figures and the current share price.

Now I only use my spreadsheet when looking at PER's because at least I know how the PER is calculated.

cheers

bullmarket