Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (99165)	8/7/2011 11:17:23 PM
From: tejek	Respond to of 149317

Yup. Asian markets are red but not that bad..........of the big ones, hang seng is the only one down big........the nikkei is closed for lunch. Could get worse.......we'll see. Actually, just looked at the one year chart for the hang seng. The market has support around 20,450. Currently at 20,087. It gapped down from 20,900 and opened at 20,450. I am looking for it to bounce and close at 20,450. Update: hang seng has bounced.......currently at 20,136. Prediction: US markets will gap down at the open and then bounce. The big guys knew the downgrade was coming so they sold early last week. I bet they cover their shorts tomorrow. I sold early last week and the week before but I bought back too early on Friday. Oh well.................. Frankly, I want the US markets to rub the S&P's nose in this mess. Go USA!