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Another Crash on Monday

Discuss Another Crash on Monday at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; The US markets closed 394.64 (3.13%) points down on Friday. Looks like the market is ...


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  #1  
Old 7th June 2008, 10:05 PM
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Default Another Crash on Monday

The US markets closed 394.64 (3.13%) points down on Friday. Looks like the market is in for a rough time with the current political situation adding to it.
Some of the 'informed' sources indicate a gap down of 500+ with a further drop in the week ahead.
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  #2  
Old 7th June 2008, 10:15 PM
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Default Re: Another Crash on Monday

What I shud I do... I have 100 shares of RIL @ RS 2550?
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  #3  
Old 7th June 2008, 11:16 PM
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Default Re: Another Crash on Monday

May be worth buying some puts depending on how big the gap down is. Too many negatives coinciding at the same time.
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Old 8th June 2008, 12:19 AM
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Default Re: Another Crash on Monday

looks like the double bottom of 4500 on Nifty will be taken out this time, investors will now be thrown out
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Old 8th June 2008, 12:46 AM
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Default Re: Another Crash on Monday

Lots of rumours doing the rounds, there is talk of the index going to below 14000 this time. Anyone have any number projections?
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Old 8th June 2008, 09:12 AM
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Default Re: Another Crash on Monday

damn true, its gonna crash on monday so at 1st move if u can then sell your shares and then cover it in intraday later on . . .
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Old 8th June 2008, 11:37 AM
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Default Re: Another Crash on Monday

Day traders who have not got experience should short with extreme caution and with very careful position sizing, even if markets crash tomorrow there is a good chances of short sellers being trapped like they did on 23 jan when there was a very sharp rebound in the markets and people who had shorted that day lost even more than people who were long in markets till 22 jan
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Old 8th June 2008, 01:57 PM
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Default Re: Another Crash on Monday

What could be the possible target for Nifty, 4500???....4400!!!

Holding Nifty Short @ 4625.

Is it worth shorting another lot, if Nifty opens with a gap down of 50-70 points.
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Old 8th June 2008, 11:50 PM
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Default Re: Another Crash on Monday

Market behaves opposite what people thinks.
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  #10  
Old 8th June 2008, 11:56 PM
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Default Re: Another Crash on Monday

So many negatives make positives.
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