Next Crash on October 20, Tuesday? | Forex Factory

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Next Crash on October 20, Tuesday?

  • #1
  • First Post: Edited 9:22am Oct 15, 2009 8:57am | Edited 9:22am
Well the talk of some the people and a known friend of mine is
OCT 20, 2009 i.e next week will start the bursting of this fake economic recovery Balloon i.e Tuesday

Though i am sceptical about conspiracy theorists, but this date comes from one, who predicted the Sept 08 fall last year in july08, way 3 mths before. And yes i have to say i knew it...but never believed. i got proofs even. Date was exact !

What you think this time?
In my opinion conditions seem to be all ripe... Its "ride the bull" mantra on every1's mouth all across the street, when anything than 10k number on dow has not changed in positive sense for a economy.
I really do not think this is recovery...even if world is out of the deep shit, its still laced with shit all over and this will take time..may be ending by 2010

lets C anyway !
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  • #2
  • Oct 15, 2009 9:04am Oct 15, 2009 9:04am
Quoting forexsaint
Well the talk of some the people and a known friend of mine is economy. I really do not think this is recovery..
My view is that there will be correction, hopefully the sooner the better. Talk of crash is not helpful, really.
Gone to a better place
  • #3
  • Oct 15, 2009 9:10am Oct 15, 2009 9:10am
Quoting smikester
My view is that there will be correction, hopefully the sooner the better. Talk of crash is not helpful, really.
I am talking about views around and as that friend told me ... !
These are not my views...though i definitely see correction... yes sooner or later!
But i feel crashes are no uncommon in such conditions either !
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  • #4
  • Oct 15, 2009 10:09am Oct 15, 2009 10:09am
crashes don't just come out of the blue the signs are tere first ie a wakning of the trend in the market DJI ASX show nop such signs so in the next few days somthing mighty terrible will have to happen.
Iv found most people who make these prediction say they did after the event well we dont have long to wait for me I will just trade what I see I havnt the time to run around in circles saying the skye is falling
  • #5
  • Oct 15, 2009 2:36pm Oct 15, 2009 2:36pm
Quoting Stumpy1
for me I will just trade what I see I havnt the time to run around in circles saying the skye is falling
Exactly!
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #6
  • Oct 15, 2009 3:28pm Oct 15, 2009 3:28pm
Would you mind asking him to hold up on this crash thingy until after the 27th? I have a big party coming up on the 24th and that would really put a wet blanket on the whole affair. I figure 3 days after and most would not see the connection with my party. Much obliged.
  • #7
  • Oct 15, 2009 3:41pm Oct 15, 2009 3:41pm
We have a little shindigg going on too. A bunch of friends get together BBQ, drink beer, the kids have water balloon fights, swim in the pool, etc...This would surely mess up our little get together. We do this once a month. So before anyone goes screwing up and talking about a crash...I'd definitely appreciate at least a 2 or 3 week notice.

Forexsaint please tell your buddy to have a little more respect for us common folks.

(sarcasm)
  • #8
  • Oct 15, 2009 4:10pm Oct 15, 2009 4:10pm
Quoting forexsaint
I am talking about views around and as that friend told me ... !
These are not my views...though i definitely see correction... yes sooner or later!
But i feel crashes are no uncommon in such conditions either !
There is no benefit "seeing" it if it's not there yet, or even hinted. Saying that is like being awake in the middle of the night without knowing what time it is and saying "I see the sun rising, sooner or later!" It is inevitable, but it doesn't do you any good until you see some light.

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  • #9
  • Oct 15, 2009 4:29pm Oct 15, 2009 4:29pm
someone should lay off of the crack pipe. Yes it will fall but on Tuesday the 20th, I doubt it.
  • #10
  • Oct 15, 2009 4:54pm Oct 15, 2009 4:54pm
Quoting smjones
Would you mind asking him to hold up on this crash thingy until after the 27th? I have a big party coming up on the 24th and that would really put a wet blanket on the whole affair. I figure 3 days after and most would not see the connection with my party. Much obliged.
A good friend of mine happens to be a fundamentalist christian and he's totally bought into the whole "End-Of-Days" thingy. I value our friendship so I avoid discussing the subject with him (if you recognize my avatar you know why). Anyway, he was talking about it with a mutual friend of ours and I just couldn't resist so I butted in and asked, "Hey Tim, like, after the Rapture? Can I have your pickup?"

He was not amused.


Re Tuesday the 20th, don't the markets traditionally crash on a Monday?
  • #11
  • Edited 2:19am Oct 16, 2009 1:12am | Edited 2:19am
@ Smjones And GulfCoastpip
lol..Sure i will tell him...if he can extend the date ..
i don't think he himself manages all the guys who shake booties to shake the markets. He must be gettng this info from some other guy.... donno really..never asked properly...or in fact as said..never was interested much.

@Bobblong..
Sorry charts dont mean anything... "crash" word doesn't come up on charts before the crash happens... ! Bulls wag thier horns with killer instinct when bears end their age starting from that "TOP"only. Normal retraces may be seen via charts and those colourful indi's n stuff sometimes but not crashes Usually
dont agree to that stuff with ma's around.

@opie999
lol... he loves his pickup
Yes Mondays have been fixed for such stuff(at least by history, many times)
Tuesday ... may be they are bored of old stuff ..as the world is changing
and may be they also beleive in Dec21 2012 ...so trying new things
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  • #12
  • Oct 16, 2009 11:10am Oct 16, 2009 11:10am
Any way ....
Today All Economic Recovery is Out as Reports
Yet to See one Major puttin up any Report with Real Gross profits
Lets wait and watch , where is such recovery headed and how soon conditions change!
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  • #13
  • Oct 20, 2009 11:24am Oct 20, 2009 11:24am
lol....
As of now...it seems some truth is there... may be high for the year is made ... Fog seems to be getting away !
Lets see how it closes !

Cheers for the Gr8 Economic Recovery anyway.
"CostCut Recovery"
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  • #14
  • Oct 20, 2009 1:46pm Oct 20, 2009 1:46pm
I am long, and don't care why. I will go short, and not think a thing of it when the time is here.
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  • #15
  • Oct 21, 2009 3:36am Oct 21, 2009 3:36am
TUESDAY has been and gone and we are still in a strong uptrend !!!!!
  • #16
  • Oct 21, 2009 4:00pm Oct 21, 2009 4:00pm
Quoting Stumpy1
TUESDAY has been and gone and we are still in a strong uptrend !!!!!
Oh yeah nice uptrend, we can see from todays close too.9949 DJIA !
Oct19 high still sustained.Lets see whats ahead.
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  • #17
  • Oct 21, 2009 10:48pm Oct 21, 2009 10:48pm
Any way you look at DJI its in an uptrend and is still showing strength I dont know what you are looking at ???????????
  • #18
  • Oct 21, 2009 11:53pm Oct 21, 2009 11:53pm
forexsaint,

Your friend could well prove to be right. Should be very interesting to see what happens over the next couple of weeks. If this is the start of another downtrend I would love to know what method your friend uses!

Cheers,
Banksia
  • #19
  • Oct 22, 2009 4:11am Oct 22, 2009 4:11am
i don't really think this is just a bubble... Check out the stocks that has been beating the earnings.
  • #20
  • Oct 22, 2009 4:24am Oct 22, 2009 4:24am
Quoting Stumpy1
Any way you look at DJI its in an uptrend and is still showing strength I dont know what you are looking at ???????????
i am looking at hourly charts as of now.. and not weekly or daily'es.
There is Almost no strength on charts as far as uptrend is concerned

I do not know that guy is right or wrong regarding this date and stuff ....BUT
Bear markets are born at the bull market tops only, just in case !
Time can only tell ! Lets WnWatch

@Banksia
yes it will be really interesting to watch !
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