Comments on: Support Violated http://www.chrisperruna.com/2008/11/21/support-violated/ A blog about trading, finances, success and life itself Fri, 30 Dec 2011 14:18:33 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Parker http://www.chrisperruna.com/2008/11/21/support-violated/comment-page-1/#comment-20310 Parker Fri, 21 Nov 2008 22:56:04 +0000 http://www.chrisperruna.com/?p=1599#comment-20310 A huge year end rally of course!!! This market is so backwards what else would you expect. We'll be at 1100 in a few weeks in the largest short squeeze in the history of the stock market. Or...not. A huge year end rally of course!!! This market is so backwards what else would you expect. We’ll be at 1100 in a few weeks in the largest short squeeze in the history of the stock market. Or…not.

]]> By: Janet http://www.chrisperruna.com/2008/11/21/support-violated/comment-page-1/#comment-20307 Janet Fri, 21 Nov 2008 19:31:18 +0000 http://www.chrisperruna.com/?p=1599#comment-20307 I see the break through support was on large volume....could be a capitulation sell-off and be an intermediate bottom?? Analyst Yamada says we are headed for S&P 600 to 400 range. My view is we probably won't see any kind of recovery before the New Year and that investors are unsure and uncertain about the E in the PE. Thanks Chris for all your analysis. Janet I see the break through support was on large volume….could be a capitulation sell-off and be an intermediate bottom?? Analyst Yamada says we are headed for S&P 600 to 400 range. My view is we probably won’t see any kind of recovery before the New Year and that investors are unsure and uncertain about the E in the PE. Thanks Chris for all your analysis. Janet

]]> By: Doug http://www.chrisperruna.com/2008/11/21/support-violated/comment-page-1/#comment-20306 Doug Fri, 21 Nov 2008 18:13:44 +0000 http://www.chrisperruna.com/?p=1599#comment-20306 On this timescale it does not really look like a chart pattern -- it looks like what happens to a stock when the company makes a surprise announcement that the last five years' profits were really losses, or that the president and several members of the board of directors have been indicted by the Feds. On this timescale it does not really look like a chart pattern — it looks like what happens to a stock when the company makes a surprise announcement that the last five years’ profits were really losses, or that the president and several members of the board of directors have been indicted by the Feds.

]]> By: michael m. http://www.chrisperruna.com/2008/11/21/support-violated/comment-page-1/#comment-20305 michael m. Fri, 21 Nov 2008 16:55:30 +0000 http://www.chrisperruna.com/?p=1599#comment-20305 I am curious about something: what date does the S&P match, correcting for inflation? Since prices have risen since 1997, our 740's S&P must be considerably less than the 740 of 1997, mustn't it? Or does the fact that there are dividend returns somehow cancel this out? I wouldn't think so. I am curious about something:
what date does the S&P match, correcting for inflation? Since prices have risen since 1997,
our 740′s S&P must be considerably less than the 740 of 1997, mustn’t it?

Or does the fact that there are dividend returns somehow cancel this out? I wouldn’t think so.

]]> By: FastSwings http://www.chrisperruna.com/2008/11/21/support-violated/comment-page-1/#comment-20303 FastSwings Fri, 21 Nov 2008 14:25:53 +0000 http://www.chrisperruna.com/?p=1599#comment-20303 The chart is amazing. The drop from the high of 2007 to yesterday is a record breaking steep drop. Lets hope for a V chart bottom that quickly corrects this sell-off. The chart is amazing. The drop from the high of 2007 to yesterday is a record breaking steep drop. Lets hope for a V chart bottom that quickly corrects this sell-off.

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