...not really!

can we please have no more of this black x-day nonsense. Being bearish doesn't mean you have to expect the whole world to end tomorrow, even if you think markets are on a downward trend.

Rant over....

I think Friday will be a little black as it is the last day of the week at the end of the month which often becomes a triple witching day. Books to be balanced, bad stuff sold off, options expiring......

We will probably have a non-desccirpt or "beige" Thursday and possibly a darker Friday but not "black" in the sense of a panic unless someone important makes some negative comments. Al Greenspan has apparently been walking around with duct tape accross his chops and Merv keeps winking knowingly with a cheshire cat smile when asked what he thinks is about to happen in the markets.

What we are really all waiting for is a "Red" day where all the indices around the world go red at once. Now that is worthy of some attention. I don't think this Friday will be Red Friday though as the banks are still dumping money to aid liquidity. At some point they are going to have to let the markets go and allow them to find their own level.

Jeez.....we're not even through with wibbly wobbly wednesday yet!

Will you guys stop wishing your lives away.........

I'm afraid to say I recommend the HPC contrary indicator. When anyone on here posts up a "Black <insert day>" its Buy! Buy! Buy!

Black is so depressing anyway, I think we should think of alternatives:

For Bears:

"Bloody" x-day
"Brown" x-day (relating to the stains on the seats of the Jubilee line after the rush hour)

For Bulls:

"Opportunity" x-day

The 'black' threads are just pure fun!

Dear Mr Finger, G.

Both my fishmonger AND car mechanic seem to be happy using Palladium to trade with in the event of a currency crisis.
In fact they suggest, after utilising appropriate handshakes, that the Honourable Guild of Fishmongers and Mechanics of St Aenid will all consider Palladium over gold for transactions.
I suggest you consider diversification if you like fish or cars ASAP.

Sincerely

Youth, D

Got the message! Will buy silver soon to diversify a little.

Gawd how I HATE these 'NOT' posts.

Please don't do them - it wastes my time clicking on them.


You're a great poster and an asset to this site.


Noooooot!! Hah hah I'm really clever - look I said 'not' after saying something!

Yeah you tell him.
I agree completely.
Yeah, you said it!
You show him.
Get him off here.







































NOT!
Do I win annoying poster of the day award?

Definitly. And your avatar is disturbing anyway.

Damn - that actually made me laugh.













































It did!

This one's for you vicmac64. See, you are not alone.

Black! Black! You lock me in the cellar and feed me pins!

http://youtube.com/watch?v=AMCYrqtmFpM
http://youtube.com/watch?v=6szFoMMDOqM
what's wrong with black?

Markets are turning.

Hey Goldfinger, do you receive Pussy Galore?

Queer ?

Who 'receives' whom here?

RB, "triple witching" refers to options expiry, which was two Fridays ago. Month end is, statistically, a positive period for stock markets.

No, it's not. Triple witching the third Friday of March, June, September and December. The next is September 21st.

Ready to wet yourselves?

That's pretty spooky - got an exact date for the plunge?

http://en.wikipedia.org/wiki/Black_Monday_%281987%29

I've just read that link. Very interesting that they cannot agree what the cause was.

I was thinking about the upcoming plunge if the graphs were to continue to match.

Somthing has just spooked the FTSE before the DOW has oppened.

Well FMA, have a look at that!

The FTSE's going down the tubes this afternoon.

Black Friday here we come.

Why don't you buy Silver Bullets?

Combine two thread favourites in one.




(seriously though... if you buy silver you have to pay VAT. When you sell it - for presumably more than your overall purchase price, shouldn't you give 17.5% of the sale price to the Inland Revenue? Or is this just our little secret?)

*My graph?







*it's not mine....

Oh dear oh dear, so Ben won't be able to cut rates after all......

It's all going to get nasty again........

Doh!!!! I only just realised thats 1987 Juxtaposed with 2007!!!!

really spooky that Nick.

I've always wondered how chartists made a living, now I know.

I can see a double candle stick cross and pre-hump going up the myass decline on the fourth day intersection. The world is definitely goiing to end now - well, not now, tomorrow. Well not tomorrow exactly but if the dead cross hits the Bollinger band bear trap at the double bottom there'll big smile on Elton John's face now that the head and shoulders has shown firm indications of development..... yawn.

What I found interesting was this sentence:

"In the wake of the crash, markets around the world were put on restricted trading primarily because sorting out the orders that had come in was beyond the computer technology of the time. This also gave the Federal Reserve and other central banks time to pump liquidity into the system to prevent a further downdraft. "

Can we infer from this that when it happens again, because computing technology has progressed and will be able to sort the orders more quickly, the crash will be more severe before the Federal Reserve can pump liquidity into the market?

that's actually quite a funny response. I found myself into the 3rd line before I realised.

Regrettably, not as funny as the real thing ... try this for chartist mumbo jumbo ...

"Trader's remorse - Definition :

A term used in technical analysis to describe the situation where a trader thinks a support or resistance price has been broken, and he/she buys/sells on the strength of the break, only to discover that the share price rebounds to its old level shortly afterwards."

You couldn't make it up.

oh, don't get me wrong, I do think the historical charts prove a lot & the guys on here that provide this stuff are very useful & clever.
I prefer the chartists who use the data after the crash has happened, this helps negate the "lying, cheating, vested interest, greedy," part of the process.

The historical cycles of data are very interesting, depending on your view point obviously.

We are headed for the biggest financial & economic (one & the same I suppose) crash in history imo, very, very shortly.

The point about charts isn't that they predict the future, but that they can influence the people who affect the future.

Well, I couldn't possibly know.

I think one has to be a little wary of Foxy Loxy though. http://eleaston.com/chicken.html

But thats exactly what they do....

DOW just gone strongly positive having recovered from an opening of -115. The Bull run may be back on in the face of all this bad news. I guess the message is getting across that the FED will not tolerate even minor falls of 5-10% on the stock market. Have they opened a moral hazard can of worms or will they be beaten by what would normally be in an insurmountable problem (credit crunch) in a free market?

This is positively delicious!!! Is it real??! I love it - you've totally made my day.

Thanks

TD

Actually, I am reliably informed that the current computer systems in several significant banks are cracking up with the volumes and that there is a significant lag in the processing. Many of the techies are working weekends to keep the whole lot up and running (string and selotape and large quantities of Val's knicker elastic!).

TD

the graph is very interesting, but weren't the markets far more overvalued then than they are now?

still think i might sell a load off tomorrow because all this volatility isn't good for my health!

What about black september:

And guess who said that....BBC!

There will never be a black anything with the DOW doing tricks like this, the chart below is from today’s trading on the DOW and it the best example of many days where a huge is followed by an equal sized bounce. Can any city insiders explain this from a technical point of view?

You don't need city insiders. It is simply caused be fear and panic. Markets are more volatile when they are correcting/falling than when they are rising, because fear/pain are more acute feelings than consolidation & advancement. You have huge selling sprees as everyone is afraid of the market plunging more, followed by equally impressive short-covering rallies.

The thing is, panic is only a temporary situation that flares up now and again. It is not the normal state of things. It subsides eventually, normally sooner rather than later. When everyone is panicing around you, it is normally the best time to be buying.

There was a minor bounce today caused by a rumour that vials of nerve gas were found at the UN. Once they were made safe the market restored itself.
Interesting that it caused a disturbance in the way that it did.

I don't think you pay VAT when you buy silver through Goldmoney.