Guest Posted April 30, 2004 Report Share Posted April 30, 2004 In early September of 2001 the stock market was declining and the economy was slowing. President Bush? approval level dropped below 50% for the first time. On Friday, September 7th the S&P 500 index broke at 1106 making a new 5-month low at 1085. The weakest stocks were: American Airlines, Delta Airlines ? Airlines Boeing, General Electric, United Technologies ? Aircraft/Parts American International Group, Allstate ? Property Insurance American Express, Citigroup, JPMorgan ? NY City Banks Three days later the, so-called, terrorist attack on the WTC happened. Today the S&P is at 1113. Important support is at 1091. If it were to break that level it would be a new 4-? month low. President Bush?s approval level is now below 50% for the first time since 911. The weak stocks are: Airlines Shopping Center REITs Department Stores Electric Utilities (Nuclear?) http://www.pollingreport.com/BushJob.htm I would not be surprised to see a ?terrorist attack? within a week. In fact, I can?t imagine the people behind the 911 attacks will miss tomorrow?s MAYDAY opportunity. One other piece of history that may be of use are the patterns leading up to crashes. I won?t go into all the fundamental reasons for a crash but here are two examples of the action surrounding previous crashes. The 1929 Crash Sequence The Dow made a new high at 386 on September 3rd. It then declined making an interim low 23 days later at 320. It then rallied for the next 5 days making a secondary high at 359. When it broke the interim low 6 days later, the crash was on. http://www.sharelynx.com/chartsfixed/USDJIND1929cr.gif The 1987 Crash Sequence The Dow made a new high at 2747 on August 25th. It then declined making an interim low 19 days later at 2465. It then rallied for the next 8 days making a secondary high at 2660. When it broke the interim low 6 days later, the crash was on. http://www.sharelynx.com/chartsfixed/USDJIND1987cr.gif Today?s Scenario The Dow made a new recovery high at 10753 on February 19th. It then declined making an interim low 24 days later at 10007. It then rallied for the next 9 days making a secondary high at 10570. If it breaks the interim low things may get interesting. This is just a call for caution. Please take care of yourself and your loved ones. This coincidence may mean nothing but to be forewarned is to be forearmed. Link to comment Share on other sites More sharing options...
Bearman Posted April 30, 2004 Report Share Posted April 30, 2004 tanks for the info! Link to comment Share on other sites More sharing options...
Guest Posted May 10, 2004 Report Share Posted May 10, 2004 all right i think 1091 is over the set up is complete the gang is in hot water over the SHOCKing and AWEful iraq situtation the markets are tanking the powers that be aren't gonna wanna be blamed for any of it gotta expect something big take care of yourselves and your loved ones weakest stocks are still airlines,retail,utilities Link to comment Share on other sites More sharing options...
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