What happend

[N Rothschild]

Say you had been in a coma for 20years and woke up and the first thing you saw was a quarterly chart of the dow. you would surely think the world as we know it was over!

 

[tar]

if it is over the dow will not be 7900

 

[hwsteele]

Say you had been in a coma for 20years and woke up and the first thing you saw was a quarterly chart of the dow. you would surely think the world as we know it was over!

"You had been in a coma for 20 years and woke up and the first thing you saw was a quarterly...OHHHH I get it. You didn't actually mean to SAY it.
Sorry, I watch WAY too many Leslie Nielsen movies.:cheesy:

If you had been out of the game for 20 years and looked at a chart now you would think you were in the land a giants. We have some BIG numbers going on compared to back then.
That means to him it would be no surprise if the dow dropped another 4000 points or more. And if he looked at the chart he would most likely be of the opinion that the bottom was not in yet.

It's all a matter of perspective.

 

[N Rothschild]

if it is over the dow will not be 7900

how do you know, human race coulda been wiped out and the ticker just stops...

 

[hwsteele]

how do you know, human race coulda been wiped out and the ticker just stops...

Human race wiped out? Unlikely.
Now, apes could take over and keep people as slaves.
That would most likely lead to the same thing as far as the market is concerned.
Those damn dirty apes!

All kidding aside, I never thought to look at the market in 20 year leaps like the above.
Sheds a whole new light on the same thing.

 

[tar]

how do you know, human race coulda been wiped out and the ticker just stops...

lol , like the british movie ( 28 days ) ? i forgot the title

 

[N Rothschild]

28 days later! and 28 weeks later

 

[N Rothschild]

"You had been in a coma for 20 years and woke up and the first thing you saw was a quarterly...OHHHH I get it. You didn't actually mean to SAY it.
Sorry, I watch WAY too many Leslie Nielsen movies.:cheesy:

If you had been out of the game for 20 years and looked at a chart now you would think you were in the land a giants. We have some BIG numbers going on compared to back then.
That means to him it would be no surprise if the dow dropped another 4000 points or more. And if he looked at the chart he would most likely be of the opinion that the bottom was not in yet.

It's all a matter of perspective.

sure does! when you look at a drop like that..i fail to see how the markets will just pick them selves up and head back to new highs. for all we know this crash will be the one that ends capitalism and changes the world. now probably not going to happen, but anything is possible!

 

[tar]

he was in a come 28 days only , and everything has changed ...

 

[hwsteele]

As long as they let me keep trading I'm cool.

 

[tar]

fib retracement

 

[N Rothschild]

nice ambush trade..if you have 5 years to spare!

and tbh if that was a 1hr chart you would probably go long here..

 

[chump]

Chart doesn't appear to be set on LOG .