WallStreetOasis.com » Forums » Industry Specific » Traders Train
WegmansTuna's picture

Dow Sub-10,000 today...Any Takers?

Dow Sub-10,000 today...Any Takers?

Who thinks the Dow will drop below 10,000 at some point today? 2:1 on twenty bucks says we'll see it, any takers?

No votes yet
ARD45's picture

Pre market is down 234 to

Pre market is down 234 to 10130 right now.

With all the volatility I'd bet we hit sub 10000 sometime during the day. Hopefully it won't stay there.

indian-banker's picture

it would be amazing to

it would be amazing to witness the DOW go below 10000

Frieds's picture

Definitely. Whether we stay

Definitely. Whether we stay under is a different question, but I'm calling we will break it on the Intraday.

ST2008's picture

Uncle Sam, whether it's the

Uncle Sam, whether it's the fed, federal government, or the treasury will step in and make the markets complacent..... Hurray for a bigger government.... The biggest government in ages.

ARD45's picture

Just got a call that my

Just got a call that my futures trading interview got canceled because of market conditions and will have to be rescheduled.

Just wonderful.

ARD45's picture

9,981.39 is the low... we

9,981.39 is the low... we hit sub 10,000.

Wow.

grandpabuzz's picture

4000/14000=

4000/14000= ~30%.

Shit.

That's nearly as much as 2001-2003 time frame which was about a bit more than 30% from 11.5 to 8.

Clueless Wanderer's picture

Jesus....

Jesus....

gatrader's picture

Sub 9,000 any takers?

Sub 9,000 any takers?

LAWM's picture

unlikely trading would be

unlikely
trading would be shut down before we got there.

gatrader's picture

just a joke, but we might

just a joke, but we might hit that circuit breaker if this keeps up

WestCoastChimp30's picture

Russia already did

Hit a circuit breaker today, twice (obviously they're having different kinds of problems):

http://www.bloomberg.com/apps/news?pid=20601087&sid=ayrBc.dYJZPM&refer=h...

WegmansTuna's picture

Told ya so.......... :)

Told ya so.......... :)

ratul's picture

my guess is the bottom is

my guess is the bottom is 8100

Edmundo Braverman's picture

The mantra of the bucket shops...

Don't frown -- AVERAGE DOWN!

Don't be sore -- BUY SOME MORE!

trade4size's picture

averaging down is a suckers

averaging down is a suckers game. Most amateurs have no idea how to average down effectively.

LeoPTY's picture

Resistance?

Since the Dow is below 10k, do you all think that 10k will act as a new resistance? On the other hand, do you think that the market is in a free-fall and it won't matter?

trade4size's picture

I would tend to think that

I would tend to think that 10k will now act as the resistance. The lows made last week in the 10,300 area will also serve as heavy resistance.

MMBinNC's picture

Good call man,

Good call man, 9955.5
------------------------------------------------------------
So what do you do?
-I work for an investment banking firm.
Oh okay; you are like my brother, he works for Edward Jones.
-No, a college degree is required in my profession

randomwalk's picture

DCA, bitches

DCA, bitches

sighm0an's picture

short SPY what?

short SPY what?