Something I just noticed...
The past two Friday's have been the highest transaction volume days of the past year for the DJIA, and both were heavy volume days DOWN. This past Friday, the last day markets were open was THE record day for DOWN transaction volume.
Also, from the the Dow 11,000 during the summer through October the Dow fell to about 8,500, or 2,500 points. The Dow is now almost at 7,000, another 1,500 points. Each a comparable percentage point drop.
There won't be a recovery anytime soon in the markets, and a lot of people realized that this past week and acted upon it this past Friday.
I believe this past week was a good leading signal to the world, we are entering a Depression. I call this one The Greatest Depression.
Subscribe to:
Post Comments (Atom)
Posts
3 comments:
FYI:
Fri, Feb 27 2009, 14:04 GMT
http://www.djnewswires.com/eu/
CBOT DJIA Index Options Volume And Open Interest - Feb 27
For previous business day.
CALLS
VOLUME OPEN INT
DJC MAR09 $10 Dow Options CALL
10000 1
10500 2
11300 7
11400 1
11500 6
12000 17
13000 20
14000 9
7200 4
7300 20
7400 1 1
7500 2 10
7600 3
7800 11 16
7850 2
7900 25
8000 1 4
8100 1
8200 1 12
8300 1
8400 1
8500 8
8600 10
8700 3
9000 12
9300 1
9400 2
9500 10
9700 1
DJC APR09
7600 1 1
8000 4 43
DJC MAY09
8500 1 1
DJC JUN09
13000 36
8800 1
8900 2
9200 1
DJC SEP09
10000 3
12500 2
13000 23
GD TTL 22 323
PUTS
DJC MAR09
10200 13
10300 1
10500 2
10700 13
10900 13
11000 5
11500 2
4800 1
5000 12
6300 105
6400 50
6500 42
6600 6
6700 1
6800 57
6900 1 30
7000 76
7100 10
7200 24
7300 7
7400 1
7500 15
7600 1
7800 4
7900 3
8000 13
8200 4
8300 1
8400 2
8500 2
8600 1
8700 1
8800 2
9000 2
9100 2
9200 1
9300 1
9500 13
9700 1
DJC APR09
6700 10
7500 32
7600 32
7800 46
7900 46
DJC JUN09
10300 1
10400 5
10800 2
10900 1
6000 2
6500 1
7000 1
7500 2
7600 1
8000 1
8100 2
8800 3
DJC SEP09
12000 1
5500 2
6000 1
7000 1
7500 1
9100 4
DJC DEC09
10000 2
10500 5
11000 3
11500 3
7000 1
9500 3
9700 2
GD TTL 1 57
-By Kathy Lang; Dow Jones Newswires
Friday, 27 Feb 2009
Dow Down 50% Since Peak, Major Indices Approach New Lows
Posted By: Ariel Nelson | Giovanny Moreano | Yolaiki Gonzalez
In today's initial sell off, the Dow was down over 50% since its Oct 2007 peak. It has since bounced back a bit but is still down for the day. Here are more key dates for the Dow & S&P, both on a closing and intraday basis:
* Last time the Dow closed below 7,000 was on 4/21/1997 . It closed at 6660.21.
* The Dow crossed below its February 23 intraday low of 7,105.94, its lowest level since October 28, 1997.
* The last time the Dow closed below:
7,100 = 5/7/1997 when the Dow closed at 7085.65
7,000 = 5/1/1997 when the Dow closed at 6,976.48
6,900= 4/28/1997 when the Dow closed at 6783.02
6,700 = 4/21/1997 when the Dow closed at 6660.21
6,600 = 4/15/1997 when the Dow closed at 6587.16
6,300 = 12/16/1996 when the Dow closed at 6268.35
6,200 = 11/6/1996 when the Dow closed at 6177.71
6,000 = 10/30/1996 when the Dow closed at 5993.23
5,900 = 9/30/1996 when the Dow closed at 5882.17
* On an intraday basis, the last time the DJIA fell below:
7,100 = 10/28/1997 when it hit an intraday low of 6971.32
6,900 = 4/29/1997 when it hit an intraday low of 6783.82
6,700 = 4/22/1997 when it hit an intraday low of 6657.4
6,600 = 4/16/1997 when it hit an intraday low of 6558.66
6,300 = 12/17/1996 when it hit an intraday low of 6236.05
6,200 = 11/8/1996 when it hit an intraday low of 6181.06
6,000 = 11/1/1996 when it hit an intraday low of 5998.82
5,900 = 10/1/1996 when it hit an intraday low of 5861.67
We are going down below Dow 7000. We could easily even go down to Dow 6000 within a week or few. In fact, don't see any reason why it couldn't go down even further than that over the next month or two.
The Asian and European markets are having a terrible Monday, today. They are down 3 to 4 percent. That trend would take the Dow down to 6800 to 6900 on Monday.
Beyond this, the combination of Obama's half of TARP, and his Stimulus spending law, and his proposed budget would attempt to add over $2 trillion in Treasury debt in 2009. Along with another +$1 trillion in debt in 2010. The market will not willingly absorb that amount of Treasury debt over the next 2 years.
Post a Comment