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eugene_vn · 10-24-2008, 07:10 AM

It looks like Friday Oct. 24 will indeed be a big down day for U.S. stocks. . . Asian sessions just finished with losses in the 8-11% range in Japan, Korea, Singapore. European futures are way down so if France/Germany/UK tank today, I'm sure the Dow will follow suit. I believe 7600 would be the point on the Dow at which they would have to temporarily halt trading today if it gets really ugly.

George Green's estimate of 3500 as a bottom for the Dow is far too optimistic - this market would be lucky to bottom at 1800 and will probably go much further.

The good news is that gold is continuing to fall below $700 and will continue to do so for a while. We should be seeing gold at $600-650 in the next few weeks. That's really good news for those still needing to get out of cash and acquire some of the stuff.

10-24-2008, 07:10 AM	#73
eugene_vn Avalon Senior Member Join Date: Sep 2008 Posts: 31	Re: Oct. 24: Stock Market Crash It looks like Friday Oct. 24 will indeed be a big down day for U.S. stocks. . . Asian sessions just finished with losses in the 8-11% range in Japan, Korea, Singapore. European futures are way down so if France/Germany/UK tank today, I'm sure the Dow will follow suit. I believe 7600 would be the point on the Dow at which they would have to temporarily halt trading today if it gets really ugly. George Green's estimate of 3500 as a bottom for the Dow is far too optimistic - this market would be lucky to bottom at 1800 and will probably go much further. The good news is that gold is continuing to fall below $700 and will continue to do so for a while. We should be seeing gold at $600-650 in the next few weeks. That's really good news for those still needing to get out of cash and acquire some of the stuff.