stock market crash

[scooterscot]

Nasdaq - 65% correction ahead

Someone on here brought the Nasdaq to my attention the other week. After some more study following today's events it's quite clear there's a major correction in the post.

Monthly gravestone DOJI has just formed, that would mean there's a bloodbath coming on Monday.

If you've no cashed in the shares already.... then it's probably now too late.

[BrilloPad]

Someone on here brought the Nasdaq to my attention the other week. After some more study following today's events it's quite clear there's a major correction in the post.

Monthly gravestone DOJI has just formed, that would mean there's a bloodbath coming on Monday.

If you've no cashed in the shares already.... then it's probably now too late.

Is it too late to get some puts?

[scooterscot]

If you think they’ll be honored. I reckon they’ll find a reason to forfeit those contracts when the time comes.

[jamesbrown]

Chinese PMIs released last night. Holy tulipe, they’re bad. 29.6 and 35.7. Epically bad. Brace.

[eek]

Chinese PMIs released last night. Holy tulipe, they’re bad. 29.6 and 35.7. Epically bad. Brace.

You probably want to read - China: Manufacturing PMI will shock the market on Monday | Snap | ING Think the sub-indices don't seem to have been massaged the way the top level figures have done.

How do you have production at 27.8, exports demand at 28.7 and domestic demand at 29.3 and still get a figure in the 30's.

[jamesbrown]

You probably want to read - China: Manufacturing PMI will shock the market on Monday | Snap | ING Think the sub-indices don't seem to have been massaged the way the top level figures have done.

How do you have production at 27.8, exports demand at 28.7 and domestic demand at 29.3 and still get a figure in the 30's.

All the Chinese stats are fiddled, as everyone knows, but record low PMIs is some pretty bad massaging. But, you’re right, the truth will be even worse than the headline. Shock incoming. As an open economy, we’ll be hit hard. Expect factory closures soon as supply chains collapse.

[scooterscot]

How do you have production at 27.8, exports demand at 28.7 and domestic demand at 29.3 and still get a figure in the 30's.

That'll be Brexitland this time next year.... mark me words

[scooterscot]

Interesting... The dead cat bounce in the stock market is making a perfect rising wedge (a bearish indicator) to converge with the 21-day moving average.

The convergence just so happens to Friday the 13th next week. Buckle up

[scooterscot]

2008 showing a difference in the stock market as that was the only time post emergency rate cut did the central banks turning on the printing presses to infinity & beyond.

Got to wonder what will happen this time round...

[scooterscot]

Tomorrow morning should be interesting.... think we're about to witness a 15-20% drop on the opening hour. Previous support channels seem irrelevant.