To: taxcontrol
The question is, how far can the stock market drop to? My guess: at most down to DJIA between 13,500 and 14,500. At that point, there will be a massive number of bargain hunters showing up and buying up a lot of stocks at discount.
7 posted on
08/21/2015 6:07:22 AM PDT by
RayChuang88
(FairTax: America's economic cure)
To: RayChuang88
The question is, how far can the stock market drop to?Do you remember the late 70's? I remember driving home from work listening to the radio and hearing DOW trading volumes in the 20 to 30 million range and sometimes even less.
To: RayChuang88
Yeah, significant bottom break out on the lower Bollinger bands would indicate a strong downward trend.
I see the first support test for the DOW at 16000. If it drops below that with any velocity, 13,000 and even 12,500 becomes a real possibility.
To: RayChuang88
"The question is, how far can the stock market drop to?" The Bottom is Zero. Like our current White House Occupant.
21 posted on
08/21/2015 10:00:42 AM PDT by
Mad Dawgg
(If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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