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tekisui Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-31-08 09:49 AM
Original message
The DOW opens (-1.21%).
Another dropped opening.
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fasttense Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-31-08 10:02 AM
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1. It's just because it hasn't got stimulated yet. n/t
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kenfrequed Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-31-08 10:03 AM
Response to Original message
2. This is inevitable.
The "Stimulus package" will not work.

A failure to pass it will cause a slight down-bump.

Passing it will cause a slight uptick but after the temporary crack-high of consumer spending (maybe more like a cigarette) the market will continue to fall again.
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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-31-08 10:11 AM
Response to Original message
3. It has been a bumpy morning so far
Index Value: 12,346.99
Trade Time: 10:09AM ET
Change: -95.84 (0.68%)
Prev Close: 12,442.83
Open: 12,438.28
Day's Range: 12249.93 - 12438.28

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nightrider767 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-31-08 10:26 AM
Response to Original message
4. I wonder how far the markets will go down...
All the profits from last have been shot.

If we could be back to having horrible financial news reported every couple of weeks or so instead of every couple of days, we may be nearing the bottom.
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A HERETIC I AM Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-31-08 11:45 AM
Response to Original message
5. And now positive for the day by about 20 points. n/t
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onbudsman Donating Member (63 posts) Send PM | Profile | Ignore Thu Jan-31-08 03:15 PM
Response to Original message
6. S & P 1400-1430 range, I'm selling like there's no tomorrow
Edited on Thu Jan-31-08 03:35 PM by onbudsman
assuming, of course, that it ever gets there. follow that statement at your own risk, it is not investment advice
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tekisui Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-31-08 03:19 PM
Response to Reply #6
7. Won't stay there long, eh?
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onbudsman Donating Member (63 posts) Send PM | Profile | Ignore Thu Jan-31-08 03:27 PM
Response to Reply #7
8. boatload of technical resistence in that range
Edited on Thu Jan-31-08 03:28 PM by onbudsman
on monthly charts, weekly charts, daily charts, trend lines, previous swing lows, .61 fibonacci retracement of previous decline

of course, the market can and will do just about anything, at any time - there are no rules

but there are, tendencies

again, this is an opinion, not advice
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