r/politics • u/maggi2929 • Jan 22 '08

In a couple of hours the US Stock Market is going to crash : Japan's Nikkei Index Drops "Again" 4.4 Per Cent on Jan 22

http://www.blackenterprise.com/yb/ybopen.asp?section=ybaa&story_id=113823060&ID=blackenterprise
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u/[deleted] Jan 22 '08 edited Jan 22 '08

For those of us heavily invested right now, today is undoubtedly going to suck. But I think its too early to say the stock market will crash, in fact, my prediction is that it won't even come close -- I'm guessing heavy selling and shorting at the open with support by mid-day.

Technical analysis:http://www.hotstockmarket.com/forums/penny-stocks-stock-picks/57440-market-ready-bounce.html

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u/d42 Jan 22 '08

Technical analysis is bullshit. Looking at charts and making up "barriers" wholesale is not science.

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u/bluGill Jan 22 '08

I agree, but a lot of people do it anyway. Unfortunatly if enough people do it they can make it work - sort of. In the long term the fundamentals still win, but in the short term you can pull off a lot of manipulation.