Stock market to crash this week?

[SantaClaus]

The signs are there.

Key technical levels on FTSE and Dow have been hit.

G20 meeting this week. How many more rabbits can they pull out of a hat?

CNBC and general media talking up the market like there's no tomorrow. Quote from CNBC this week "close your eyes and hold your nose, and buy stocks".
As the saying goes, when even taxi drivers are buying stocks, you know its time to sell.

[HairyArsedBloke]

I know what you mean; it's got that 'feel' about it.

Don't have CNBC here only Bloomberg. I wouldn't watch it anyway. Cramer is entertaining sometimes, but he is a complete arse.

[SuperZ]

Technical level hitting is BS. CHartists are losers .

The market could drop soon but I think it will only be a correction to the March - present quick rise that caught many people with their trousers/skirts down, not a crash down to new lows. Or even if that did happen I think a very quick rebound will happen again to near current levels, the market isn`t going south for the long term (IMO of course).

There`s some good money to be made over the coming few years methinks

[sasguru]

Technical level hitting is BS. CHartists are losers .

WHS for a change. Using my own analysis methods:

http://forums.contractoruk.com/gener...e-october.html

[SantaClaus]

Technical level hitting is BS. CHartists are losers .

I'm not even going to answer that stupid sweeping comment

The market could drop soon but I think it will only be a correction to the March - present quick rise that caught many people with their trousers/skirts down, not a crash down to new lows. Or even if that did happen I think a very quick rebound will happen again to near current levels, the market isn`t going south for the long term (IMO of course).

There`s some good money to be made over the coming few years methinks

Correction to March levels is fine by me. I have a put option on the FTSE march levels. So I'm happy whether its a crash or "W" shaped recovery.

[sasguru]

I'm not even going to answer that stupid sweeping comment

Definition of a chartist: someone with a very large overdraft indeed.

[dozer]

it doesnt look good, lack of confidence could be enough to derail the recovery, reflected in the sharp downturn in the ftse today, probably in response to the federal reserve negative comments.

lets hope she stays afloat, on the plus side its a good time for bargains.

[OwlHoot]

Only a couple of days until the start of the Labour Conference on 27th Sept.

With Jonah Brown's luck, the FTSE and/or pound will plunge on the 26th ...

[HairyArsedBloke]

Only a couple of days until the start of the Labour Conference on 27th Sept.

With Jonah Brown's luck, the FTSE and/or pound will plunge on the 26th ...

Mmmmmmm, now there is an idea.

Not the 26 but the day of his speech to conference (whenever that is). We could do the same as we did to him on the opening of SETS. Linky

It began when Britain's Treasury chief, Chancellor of the Exchequer Gordon Brown, started the session by ceremoniously punching a button.

Computer screens behind Brown lit up bright red, a sign that prices were falling.

If the market went down a LOT on the same day it would bump him off the top of the news.

[Lumiere]

the FTSE and/or pound will plunge on the 26th ...

on Saturday !?