Trading the stockmarket (NO Referrals)

Trusty said:
Pretty much yea, 22k is the key, if that holds then its up. If that breaks then its a new low.



see above. Futures opening down doesn't mean it can't rally tomorrow
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I would be stunned if there is a prolonged rally.

The world economy is coming to a stand still and could be severely paralysed for months.
 
Minusorange said:
Why ? Crashes don't just go all the way down to the bottom without retracing

MW-IB971_sellof_20200311034801_NS.jpg


https://www.marketwatch.com/story/t...ps-tracking-look-out-2020-03-11?mod=home-page
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Will be interesting to see if this holds true/broadly in line. I guess the difference this time is the shutdown situation so the timings may be off.

Also the issues might not must be demand but supply also, if things get really bad.
 
Could there be a day all three breakers are hit? I doubt it, obviously, but it'd be kinda fascinating.

So is it now pure chaos or what?
 
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Half tempted to buy some longer dated put options ... with volatility so high, everything is stupidly expensive though. But would work out as protection if we really do fall another 20+%!
 
Another brutal day ahead.....my clients pension funds/investments are bombing but most of them know there is nothing you can do at this time but ride it out. They are long term investments so sit tight, no matter how hard that is just now, and wait it out.
 
Well, if the coronavirus doesn't get us, the crashing stock markets will I guess ! Looks like another torrid day, but I think ( probably hoping ) the rest of the week won't be quite as dramatic. Not much any of us can do but ride this out ; as bad as this crisis is, and may become, it will end.
 
It also looks like this will crash the pound to parity or below with the Euro as well. Brexit didnt manage it, but it could go lower than it did in 2008 quite easily if the coming worldwide recession is deep.... and I fail to see how this will not be worse than the 2008 crisis.
 
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