Next Stop Dow 11111

greenmartian · « **Reply #75 on:** July 11, 2008, 10:28:27 AM »

Currently, on Friday, at approx. 11:30 AM EDT, we have the following:

down 212.34 points from yesterday's close, at

11016.68

the "10,000" geography is coming soon, it appears....

greenmartian · « **Reply #76 on:** July 11, 2008, 10:37:12 AM »

Just check again at approximately 11:36 AM EDT...

It is indeed in "10,000" territory...

234.73 points down, at 10,994.29

pedonbio · « **Reply #77 on:** July 11, 2008, 12:48:00 PM »

Watching the Dow too closely can make a man crazy.

Hiram · « **Reply #78 on:** July 11, 2008, 01:04:02 PM »

In Feb 2002 the Dow was 7500 - long way to got to call it a bad.

Edit: April 1st 1932 - Dow was 43.. yeah, just 43!

Hiram · « **Reply #79 on:** July 11, 2008, 03:18:50 PM »

Dow closed today at... wait for it...

11100

SwitcherX · « **Reply #80 on:** July 11, 2008, 04:15:40 PM »

Quote:

Hiram said:
10:16 am EDT -- 11103.

Thats it, recession is now over.

Talk of ecnomic meltdown and depression starts <10000

DruulEmpire · « **Reply #81 on:** July 11, 2008, 04:27:52 PM »

All right -- new policy.

As I said a few posts back, I'm counting on the power of Pittsburgh, represented by "57," to hold us back from just four digits and to keep at least 51% of the difference between 11111 and 9999. So -- new floor is 10570.

Now that I'm here, I better appreciate the symbolism. "11111" suggests that at least the fundamentals are all in order. But maybe there are holes -- zeroes -- in the fundamentals ...

gOOber · « **Reply #82 on:** July 11, 2008, 04:51:27 PM »

Things are looking up.

Bonkers · « **Reply #85 on:** July 14, 2008, 05:47:14 PM »

11,055.19 -45.35 -0.41%
as of 04:05 PM EDT on 07/14/2008 (DJ Index Delay: 0 mins.)Extended Hours
— — — Add to Portfolio Add to Alerts Previous Close 11,100.54
Today's Open 11,103.64
Change 3.10
52-Wk Low 7/11/08 10,977.68
52-Wk High 10/11/07 14,198.10
Range 3,220.42
Day Low 1:12 PM EDT 11,003.65
Day High 9:31 AM EDT 11,239.04
Range 235.39

And its keeps on dropping?!
Bonkers

DruulEmpire · « **Reply #86 on:** July 14, 2008, 06:36:50 PM »

(Always interesting to see a thread take on its own life ... )

Clearly I had the wrong idea when I chose the symbolism of a floor of 11111. That was supposed to mean "Well, at least all fundamentals should be in place." But now I'm beginning to think I should have questioned the fundamentals as well, which means gaps represented by zeros. I should have gone with, say, 11011.

Too late for that now -- although if we DO stop short of 11011, remember where you heard that suggested first ...

DruulEmpire · « **Reply #87 on:** July 15, 2008, 09:29:35 AM »

I was sort of hoping for 11011, but it fell through that. So I figured, this economy has TWO zeros shot through its fundamentals, suggesting to me the palindrome 10901 -- but it just now fell through that, too!

At this rate, I can think of no rationales for palindromes like 10801 and so forth. So I'm going to dig in my heels at a floor of 10570 -- like I suggested earlier -- and cross my fingers.

Hiram · « **Reply #88 on:** July 15, 2008, 09:47:36 AM »

What is going to be the most interesting call is where the bottom of this market is?

On the London market there are other indices (FTSE 250) that reflex small and medium companies. These may be a better bellwether of the economy than The Dow and The FTSE 100. Not sure what the equivalent is in the US to the FTSE 250 in London?

DruulEmpire · « **Reply #89 on:** July 15, 2008, 09:50:40 AM »

We've got NASDAQ, Standard and Poor, and I'm sure others.

The DJIA is indeed feeling old, especially with the now conspicuous membership of General Motors ...

Re: Dow 10570?

Re: Next Stop Dow 11111