Who here thinks Dow will fall to 12500 by the end of the day?

I believe the Dow will hit 12500 today. Considering that not only have all support levels for the Dow has been broken, but there should also be mass volatility coming into the market. I also study the correlation between Forex and the Dow. Central banks have strong control over the rate of exchange between countries. For the pass few days, the JPY has greatly appreciated against the USD and the EUR and GBP has strongly devalued against the USD. During these pass few days is also when the DOW faced heavy correction. As of now, the U.S. markets hasn%26#039;t even opened, but EUR has devalued a hundred pips and JPY has appreciated over a 100 pip in a matter of seconds. I%26#039;ve never seen a move so powerful before. I think this is a strong indication that the Central banks is EXPECTING another severe drop, and this strong movement explains how the Central bank%26#039;s expectations are being factored into the price.

Who here thinks Dow will fall to 12500 by the end of the day?heart rate monitor

I think that 12500 is a bit drastic, but yes I do believe that the market will take another dip today. I also believe that everything is cyclical. The US markets were not as good as the foreign markets earlier this year and the moddest drops have not been as severe as in the foreign markets. Another thing that might play a factor is that we have had a weak Dollar for a number of years. And if you are aware of the different support levels then you are also aware that when a big dip happens, it is typical to recover about 50% in a equal time span. But first you must know where the bottom is. By the end of September I expect to see the markets near where they started the quarter. Therefore I am placing additional money into my mutual funds today and more next week after I have paid my bills.

Marcus

Who here thinks Dow will fall to 12500 by the end of the day?

loan

I do NOT think it will drop to that level today. But I do think it will drop there within the week. There is a lot of problems to work through the market.

UPDATE: At noon today (Thursday) ... it has dropped 320 points and stands at 12,542. So it just might drop that low today. Friday and Monday are expected to be volatile declining days also.|||Everytime it falls I buy a bit more.|||I agree with about 12000|||This market has a ways to go down. There are Fed stops put in place though so, I think it will be 600 points at a time. Could drop for a while though. Mutual Fund Investors are getting sick and tired of the allowed shorting by large institutions that does not reflect in their share price and value in their funds.