Sunday, September 26, 2010

Sudden fall in Google stock may signal market crash

Was the Google 'flash crash' on Friday significant?

Google stock dropped more than 90 per cent in a spectacular mini ‘flash crash’ on Friday that may just turn out to be a technical error or something far more significant. The video below tells the story (which we cannot confirm as true although it looks solid). The May 6th ‘flash crash’ when the Dow lost almost 1,000 points in a matter of minutes comes instantly to mind (graph above). The US stock market has staged a long rally from its March 2009 low but the head-and-shoulders pattern over the summer is consistent with a major top and trend reversal.

Posted by peter cooper @ 05:02 AM (692 views)
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