Call the Bottom

[ace00]

Steady on. I'm referring to the markets, I go:

DJIA: 9999
FTSE: 3999

No vagueness or, more than, less than nonsense. Name a figure. Whoever gets closest wins a car*








*lie

[Xenophon]

To say I was disappointed with the content of this thread after the intriguing title, would be an understatement.

[HairyArsedBloke]

Dunno where the ‘bottom’ will be. However, on the Dow there are various support levels between 11,000 and 9,800. If none of those hold then we will be off to 7,500 or there abouts pretty damn sharpish.

[DimPrawn]

Both will go to zero.

[Dow Jones]

Traders have triggers at various points with prompts to buy or sell, usually just above or just below an indicative max or min which is set daily by the trading companies.
As a rule of thumb, if FT gets to more than half of the value of DJ, then we are doing OK, otherwise US is better off.

[VectraMan]

According to an economist on the telly* yesterday, the expectation of doom is already built into the current share prices. So in other words, we're already about at the bottom as far as shares go, in his opinion anyway. All the house builders were up today, despite more doom than any other part of the economy, reflecting the feeling of less doom than expected (probably because they've acted on job losses).

*I have no clue about economics and get all my facts from Working Lunch.

[thunderlizard]

4875 for FTSE 100

[oracleslave]

Originally Posted by Xenophon

To say I was disappointed with the content of this thread after the intriguing title, would be an understatement.

WHS