http://www.tradersnarrative.com/the-stock-market-is-in-forced-liquidation-1933.html Freshly squeezed market commentary & analysis Sun, 08 Nov 2009 03:23:49 +0000 http://wordpress.org/?v=2.0.2 http://www.tradersnarrative.com/the-stock-market-is-in-forced-liquidation-1933.html#comment-35131 Fri, 17 Oct 2008 14:53:14 +0000 http://www.tradersnarrative.com/the-stock-market-is-in-forced-liquidation-1933.html#comment-35131 People will be surprised where the bottom is. Markets have a funny way of shaking out all the short interest before dropping hard and fast. People will be surprised where the bottom is. Markets have a funny way of shaking out all the short interest before dropping hard and fast.

]]> http://www.tradersnarrative.com/the-stock-market-is-in-forced-liquidation-1933.html#comment-35030 Thu, 09 Oct 2008 22:20:13 +0000 http://www.tradersnarrative.com/the-stock-market-is-in-forced-liquidation-1933.html#comment-35030 [...] At the time I wrote that article the Dow was at 10325 and appeared to be in the first phase with high volatility. The bailout bill had just been past that Friday and the market sold off hard on the news. Looking at the charts over the weekend, I felt like we had significant downside risk as it seemed to be approaching the “cliff” phase where prices just fell hard with everybody rushing to the gates. There is a good article over at Trader’s Narrative about the market being in forced liquidation that I totally agree with. [...] […] At the time I wrote that article the Dow was at 10325 and appeared to be in the first phase with high volatility. The bailout bill had just been past that Friday and the market sold off hard on the news. Looking at the charts over the weekend, I felt like we had significant downside risk as it seemed to be approaching the “cliff” phase where prices just fell hard with everybody rushing to the gates. There is a good article over at Trader’s Narrative about the market being in forced liquidation that I totally agree with. […]

]]> http://www.tradersnarrative.com/the-stock-market-is-in-forced-liquidation-1933.html#comment-35019 Wed, 08 Oct 2008 13:37:07 +0000 http://www.tradersnarrative.com/the-stock-market-is-in-forced-liquidation-1933.html#comment-35019 This bear will take your head off. Bottom picking is not the thing to do until we are at a bottom . For various reasons I have projected the Dow to go to 7948 after bounce and the S&P 500 to go to 896. Both are about 50% retracement from 1987 bottom. But there are targets below that. Be humble and careful. This bear will take your head off. Bottom picking is not the thing to do until we are at a bottom . For various reasons I have projected the Dow to go to 7948 after bounce and the S&P 500 to go to 896. Both are about 50% retracement from 1987 bottom. But there are targets below that. Be humble and careful.

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