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Panic At The Hamptons


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Guest bullseatshitndie

comparing spx daily charts of 1987 and 2005. spx 302 is the comparable 1163 spx.

tues little fake out up would be 10/13/87, then 3 straight down to both close friday near the lows. well, we all know what happened monday 10/19/87. that would put spx at 915 or so monday.

yeah, that's a pipe dream, but still fun to look at.

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Mark,

 

this mega volume is to me more likely a sign of point of recognition, means a move from bull to bear, than a possible panic low. If this was only a correction in the bull, why this mega volume? Sure the low in a correction would have more than average volume, but not such a mega volume like today.

The other point is that the S&P lost only 87 points since the top, is that much? Me not zinking.

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