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View Full Version : DOW watch thread - March 2nd, 2009



LiveToWin
03-01-2009, 08:48 PM
It is 10:04 PM EST and the DOW is currently trading at |6973.0 -79.00|

This might be a painful day for the markets, breaking the 7000 psychological barrier.
Rangeley
03-01-2009, 08:51 PM
How is it trading on a sunday evening?
LiveToWin
03-01-2009, 08:53 PM
Futures
Original_Intent
03-01-2009, 09:34 PM
My totally worthless guess is that we will hit 6500 tomorrow, but it ends around 6700
DjLoTi
03-01-2009, 09:36 PM
Where do you get your futures?
LiveToWin
03-01-2009, 09:39 PM
CNBC

DOW Futures at |6958.0 -94.00|
TruthisTreason
03-01-2009, 09:49 PM
I'm taking- Positive. :confused:
DjLoTi
03-01-2009, 09:50 PM
i picked down less then 50 points but i could be wrong, u can't trust the futures, the only thing that matters is opening bell.
puppetmaster
03-01-2009, 10:02 PM
5000 lol or maybe not...
slacker921
03-01-2009, 10:04 PM
down 89 (http://money.cnn.com/data/premarket/)
UtahApocalypse
03-01-2009, 10:31 PM
Asia getting hammered right now:

HANG SENG -490.53 -3.83% 12,321.04
NIKKEI 225 -298.64 -3.95% 7,269.78
idiom
03-01-2009, 10:36 PM
3200 or so is limit down.

That would be better than waking up to see New York going up in flames.
ihsv
03-01-2009, 11:04 PM
The dow will close on Monday at 6950.93, +/-25 points.

You saw it here first.
slacker921
03-01-2009, 11:31 PM
... there's NOTHING good about seeing flames... well.. unless they're coming off a marshmallow and I have some graham crackers and chocolate to smoosh it with.

If we see 3200 anytime soon then riots will be taking place and the crazies will be out setting cars on fire, etc. I'd rather not see that. Because the next thing after that is Obama using all that unconstitutional power that Bush put in place. That would be the start of a very long and nasty period of history. If you care about anyone under the age of 18 then you don't want to see that happen.

Futures currently down 109
LiveToWin
03-02-2009, 08:06 AM
Markets open in about 5 minutes

DOW |6938.0 -114.00|
RevolutionSD
03-02-2009, 09:39 AM
Hard to believe we're in 6,000 territory isn't it?
5,000 will be next. I hope all of us here are out of U.S. stocks at the moment!
Sandra
03-02-2009, 09:41 AM
6886!
voytechs
03-02-2009, 09:43 AM
There hasn't really been any big volume sell offs. I think its just going to bleed another 100 points today.
LiveToWin
03-02-2009, 11:34 AM
Dow |6837.45 -225.48|
LiveToWin
03-02-2009, 02:02 PM
|6788.54 -274.39|
voytechs
03-02-2009, 02:34 PM
-300 - ouch! (I guessed -100 on day in the AM, boy was I wrong.)
Anti Federalist
03-02-2009, 02:42 PM
6,763.06
-299.87 (-4.25%)
Mar 2 - Closed

Open: 7,056.48
High: 7,195.46 52Wk High: 13,191.49
Low: 6,755.17 52Wk Low: 6,755.17
Vol: 542.95M Avg Vol: 350.20M
Anti Federalist
03-02-2009, 02:46 PM
So, let's do a little math, as of today the 52 week high was 13,191.49

Ending today 2 March was 6,763.06.

Half of the 52 week high is 6428.43

So, we are 334.63 points away from losing one half of the DOW worth.:eek:
torchbearer
03-02-2009, 02:46 PM
high volume.
Anti Federalist
03-02-2009, 02:47 PM
My totally worthless guess is that we will hit 6500 tomorrow, but it ends around 6700

Winner.
Scribbler de Stebbing
03-02-2009, 02:48 PM
Traders predict 6400 Dow (CNN)

http://money.cnn.com/video/#/video/news/2009/03/02/news.030209.trader.cnnmoney

That's one of those videos we'll replay next week and laugh.
Rangeley
03-02-2009, 02:52 PM
So, let's do a little math, as of today the 52 week high was 13,191.49

Ending today 2 March was 6,763.06.

Half of the 52 week high is 6428.43

So, we are 334.63 points away from losing one half of the DOW worth.:eek:
The highest it got was October 2007, 14,164.53. Going off that, its already lost over half.
torchbearer
03-02-2009, 02:57 PM
Traders predict 6400 Dow (CNN)

http://money.cnn.com/video/#/video/news/2009/03/02/news.030209.trader.cnnmoney

That's one of those videos we'll replay next week and laugh.

6400 floor?
I don't think so.
Bruno
03-02-2009, 03:00 PM
6400 floor?
I don't think so.

I thought the floor was 8500? :rolleyes:
Original_Intent
03-02-2009, 03:01 PM
Today's ceiling was yesterday's floor.
Today's floor is tomorrow's ceiling.
etc.
Anti Federalist
03-02-2009, 03:07 PM
The highest it got was October 2007, 14,164.53. Going off that, its already lost over half.

Yes, from the all time high, you are right.

I'm going to keep running the number based on the 52 week high at the day's close.

See if it chases down the death spiral.
LiveToWin
03-02-2009, 03:30 PM
So the 3 people who voted '5000' were a little off
puppetmaster
03-02-2009, 04:15 PM
high volume.

yea this was the interesting part....
UtahApocalypse
03-02-2009, 04:31 PM
The OP, or someone should recreate this for tomorrow :) I also would like a Poll as to: "When will the DOW hit 5k"

I would make these but im sick, and having brain fog.
LiveToWin
03-02-2009, 04:49 PM
I'll make this thread again for tommorow