markinspain Posted February 20, 2009 Share Posted February 20, 2009 Remember what minos said cgnao said. If the Dow stays below 7323 for 3 minutes, it's heading to 3000.Dow is now at 7355 in pre-market. Wonder if we'll find out whether that forecast is true today. 7321 - 7327. So does it start soon? http://www.igindex.co.uk/ Quote Link to comment Share on other sites More sharing options...
BearNecessities Posted February 20, 2009 Share Posted February 20, 2009 7321 - 7327. So does it start soon? http://www.igindex.co.uk/ didnt stay there for 3 minutes Quote Link to comment Share on other sites More sharing options...
injustice Posted February 20, 2009 Share Posted February 20, 2009 Dropping like a stone at the mo. Quote Link to comment Share on other sites More sharing options...
BearNecessities Posted February 20, 2009 Share Posted February 20, 2009 7321 - 7327. So does it start soon? http://www.igindex.co.uk/ a little strange how it found support at exactly that level - perhaps old Cgnao was right after all Quote Link to comment Share on other sites More sharing options...
Agentimmo Posted February 20, 2009 Share Posted February 20, 2009 Its very difficult to see whats about to happen at the moment or in the future. Its all out of control and things could go either way. Looking at boats as we speak. They are dropping in price daily. Next year I will get my next dream boat for peanuts. Too many people have lost a mint and were living in fantasy land in the boating world. A bit like the banking world I suppose. A lot of the boats down here are owned by people who work in the city . They used to come down at weekends and party hard . Its very quiet these days Ditto for the French Riviera. Small boat berths, 4m x 8m , were selling for 30K€ or more not long ago. Way out of my range. I'm hoping to pick one up for under 15K€ before 2012. Maybe even less if things turn really bad Quote Link to comment Share on other sites More sharing options...
markinspain Posted February 20, 2009 Share Posted February 20, 2009 (edited) a little strange how it found support at exactly that level - perhaps old Cgnao was right after all Agreed, I wonder why it wasn't a round number? Whatever happens, if I was still dabbling, I wouldn't be wanting to hold any shares over this weekend! Edited February 20, 2009 by markinspain Quote Link to comment Share on other sites More sharing options...
hourkid Posted February 20, 2009 Share Posted February 20, 2009 didnt stay there for 3 minutes Dow futures have been under 7323 for at least three minutes now ... KABOOM? Quote Link to comment Share on other sites More sharing options...
Nicholas Cage Posted February 20, 2009 Share Posted February 20, 2009 a little strange how it found support at exactly that level - perhaps old Cgnao was right after all What did he predict? Quote Link to comment Share on other sites More sharing options...
libspero Posted February 20, 2009 Share Posted February 20, 2009 KABOOM? Doesn't work without a picture of a mushroom cloud Quote Link to comment Share on other sites More sharing options...
hourkid Posted February 20, 2009 Share Posted February 20, 2009 Doesn't work without a picture of a mushroom cloud Same probably goes for the prediction. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted February 20, 2009 Share Posted February 20, 2009 Dow seems to have opened at a new 52 week low if Yahoo figures are correct. http://uk.finance.yahoo.com/q/bc?s=^DJI&am...&q=l&c= Quote Link to comment Share on other sites More sharing options...
libspero Posted February 20, 2009 Share Posted February 20, 2009 What did he predict? Chinese whispers.. hotairmail said that minos said that cgnao said that "If the Dow stays below 7323 for 3 minutes, it's heading to 3000" No idea if it's true but its a great story. FTSE now slightly up again at 3902.. recon it might rally a little before the close now. Quote Link to comment Share on other sites More sharing options...
Nicholas Cage Posted February 20, 2009 Share Posted February 20, 2009 3000 i think Surely he's 900 points off then. Quote Link to comment Share on other sites More sharing options...
no_more_bull Posted February 20, 2009 Share Posted February 20, 2009 Surely he's 900 points off then. more like 4300 points off. He did mean the Dow will go to 3000, didn't he? Quote Link to comment Share on other sites More sharing options...
libspero Posted February 20, 2009 Share Posted February 20, 2009 (edited) Edit.. Removed Edited February 20, 2009 by libspero Quote Link to comment Share on other sites More sharing options...
BearNecessities Posted February 20, 2009 Share Posted February 20, 2009 Chinese whispers.. hotairmail said that minos said that cgnao said that "If the Dow stays below 7323 for 3 minutes, it's heading to 3000"No idea if it's true but its a great story. FTSE now slightly up again at 3902.. recon it might rally a little before the close now. getting quite close again now IG says 7337-7341 Quote Link to comment Share on other sites More sharing options...
hourkid Posted February 20, 2009 Share Posted February 20, 2009 getting quite close again now IG says 7337-7341 The real Dow index just broke 7323 ... at 7317 right now. Quote Link to comment Share on other sites More sharing options...
BearNecessities Posted February 20, 2009 Share Posted February 20, 2009 getting quite close again now IG says 7337-7341 Below 7323 7300 in sight Quote Link to comment Share on other sites More sharing options...
BearNecessities Posted February 20, 2009 Share Posted February 20, 2009 amazingly it is rallying back over 7323 - wasn't below for more than 3 minutes Quote Link to comment Share on other sites More sharing options...
Minos Posted February 20, 2009 Share Posted February 20, 2009 Unfortunately he didn't say "Alternative strategy: If support remains in place, buy. Stocks to shoot to the moon." EDIT: I was just thinking about getting our egg timer up from the kitchen. But that would be too sad. Patience. You may have to wait a while longer. Quote Link to comment Share on other sites More sharing options...
pjharvey Posted February 20, 2009 Share Posted February 20, 2009 amazingly it is rallying back over 7323 - wasn't below for more than 3 minutes I went short at 7412, just got out at 7319. Nice little earner for 2 hours trading. Time for a beer I think. My spreadbet account is up 27% this week. Quote Link to comment Share on other sites More sharing options...
hourkid Posted February 20, 2009 Share Posted February 20, 2009 Unfortunately he didn't say "Alternative strategy: If support remains in place, buy. Stocks to shoot to the moon." EDIT: I was just thinking about getting our egg timer up from the kitchen. But that would be too sad. back down again ... Quote Link to comment Share on other sites More sharing options...
injustice Posted February 20, 2009 Share Posted February 20, 2009 Lowest Dow since May 1997 as far as I can see. Quote Link to comment Share on other sites More sharing options...
hourkid Posted February 20, 2009 Share Posted February 20, 2009 Have to say, I'm well impressed that it seems to be getting stuck around that point. Just adds to the good ole cg mystique imo. It is uncanny is it not. Quote Link to comment Share on other sites More sharing options...
R K Posted February 20, 2009 Share Posted February 20, 2009 Jesus wept Quote Link to comment Share on other sites More sharing options...
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