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"Those who cannot remember the past are condemned to repeat it"
-George Santayna
STOCK MARKET 101 DISCUSSION BOARD AND STOCK NEWS CENTER:
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October 19, 2007
DAY FOUR OF THE STOCK MARKET 101 COUNTDOWN
DJIA FOLLOWS THROUGH WITH SELLING ON HIGHER VOLUME
RSI (14) MFI (14) IN A STEEP DOWNWARD TREND
VIX ON THE RISE
INDU CLOSES BELOW THE 50 DAY MOVING AVERAGE
10 DAY MOVING AVERAGE SLOPE TURNS STEEPER (NEGATIVE)
The Dow Jones Industrial Average followed through on it's movement below the 10 dma that started on Monday with more heavy selling on higher volume today on this 20 year anniversary of the 1987 Black Monday stock market crash. The August 2007 stock market correct found support on the 200 dma, will the October 2007 stock market correction repeat history with 12 to 24 days of selling before finding a short term bottom or find support again at the 200 day moving average? stay tuned..... for chart see Stock-Market-101.com
OPTIMISM INDICATOR ($BPINDU) STARTING TO FALL, BUT STILL LOTS OF OPTIMISM BUILT INTO MARKET
The bullish percent index stock market indicator is starting to fall from it's lofty levels and the optimism starts to squeeze out from the market. History tells us that stock markets typically experience a correction prior to a recession. This does not mean all stock markets are the same, however, a downward trending market is not completely unexpected given the housing recession being experienced in the US economy. The housing recession will likely drag the broader economy into a recession. for chart see Stock-Market-101.com
exchange-101.com
the stock market crash of 1987
Stock Market 101 September 2007 issue
Stock Market 101 August 2007 issue
Stock Market 101 July 2007 issue
Stock Market 101 June 2007 issue
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STOCK MARKET INFORMATION ON THIS SITE IS NOT INTENDED AS TRADING ADVICE. STOCKS ARE RISKY, YOU MAY LOSE EVERYTHING YOU INVEST OR MORE DEPENDING ON THE TYPE OF INVESTMENT. THE EDITOR OFTEN TAKES POSITIONS IN THE MARKET THAT ARE NOT DISCLOSED. A STATISTICAL ANOMALY OR OCCURRENCE DOES NOT NECESSARILY IMPLY SOME FUTURE DIRECTION.
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