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Does the Dow blow through 8000 today? Place your bets.

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trof Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 12:57 PM
Original message
Poll question: Does the Dow blow through 8000 today? Place your bets.
Woops.
It's 7996 as I write.
whew
:hide:
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uppityperson Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 12:59 PM
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1. 7882.51 is todays low so far. It was earlier today.
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kick-ass-bob Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 01:00 PM
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2. Not today.
The end of the day will probably see people snapping up stocks and making a strong enough recovery to keep it over 8000.
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TahitiNut Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 01:01 PM
Response to Original message
3. Watch the plunge between 3pm and 3:45pm. The weekend is on us and ...
Edited on Fri Oct-10-08 01:03 PM by TahitiNut
... we'll be seeing those who just don't want to stay in until Monday.

Yes, there will be a "dead cat bounce" at the end of the trading day as the last 10-15 minutes sees HUGE volumes of trades. The shorts will be covering and end-of-day sells will trickle in after close.
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trof Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 04:32 PM
Response to Reply #3
4. 'Only' down 128. Oh well, there's always Monday.
:-(
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