I was monitoring the financial markets all day today in anticipation of a BIG dump.
For two reasons:
1) Today is the day I predicted last July
2) Some overnight markets were LOCK LIMIT DOWN for HOURS and the major ones (DOW, S&P, NASDAQ) were all limit down at the open
Today is the FIRST time since Black Monday 1987 that the markets were limit down at the open. In 1987 they went down and stayed down most of the day. Now can someone tell me WHY today did not play out the SAME as the 1987 crash given that everything else seems to line up perfectly???
Quote:
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Originally Posted by mmerlinn
Sooner or later the market must be washed out
mmerlinn - Fri, Oct 24, 2008 - 02:53 PM
and until then there is no bottom in sight.
Looks 'controlled' to me, but no one yet has ever managed to 'corner' a market. They all have failed, MISERABLY. If this is a government trying to corner the market, watch out, it will get REAL ugly.
I had counted on it being today, but no way now. But since the August high I was expecting was TWO days LATE, it is now looking like either Monday or Tuesday before the market finally cleanses itself.
Quote by me on 12 October 2008 ( http://www.prophecytalk.com/index.php?topic=5109.37):
"One last note. The high I expected on the last day of August actually occured on the next business day, Tuesday after Labor Day. As a result, there is a slim chance that the 24th may not be the low. Instead, the day of the crash could be the following Monday or Tuesday." |
The above quote is from
http://wallstreetbear.com/board/view...58&post=167566 where the general consensus today seems to be that someone/something was "controlling" the market.
If so, who knows how this will play out. One thing for sure,
THE LONGER IT TAKES BEFORE THE MARKET IS ALLOWED TO CLEANSE ITSELF, THE GREATER THE CARNAGE IS GOING TO BE WHEN IT FINALLY WASHES OUT ALL OF THE DIRT.
Any dam has a limit, and when that limit is reached, all hell breaks loose below. The bigger the dam, the worse the damage.