The DOW is down 600 pts already!

[imanamerican63]

We are getting tired of "winning", right?

Update to this post! I was mistaken when I posted this and thought it was today's numbers! Sorry for the confusion!

[bearsfootball516]

1. Huh?

It dropped 600 yesterday, but futures are up today unless I'm mistaken.

[asiliveandbreathe]

4. Yes, and yes...down 10/25/18 - 608 as of 9:20a est....

[GusBob]

8. lol those are yesterdays numbers

the market aint open yet

[asiliveandbreathe]

13. Just making sure everyone is awake....

[NurseJackie]

2. Is now a good time for my children to tuck-away a little extra into their 401k's?

[bucolic_frolic]

9. Buy the crashes is a sound idea

never pay too much or you'll be underwater forever

[genxlib]

20. That is only true if it is near bottom

There is an old expression to never catch a falling knife. You don't know if it is still headed further downward.

[bucolic_frolic]

21. Charting gurus

use time (or period) counts, magnitude of move, as well as patterns to determine entry points.

After 7 to 11 periods of a one-directional large magnitude move, the bottom or top is near. When you see a daily or weekly chart where the last three moves are just "off the charts" - three large moves in the same direction, a reversal is near. Or you can wait for the reversal and then buy, to make sure the bottom has really been made.

Buying newspaper headline crashes is another way to get in cheap. February 2009, October 1987, March 2002 ... these are troughs and great entry points.

I'm not saying one should always wait for such events, but if you average in over the years when the market makes down moves, you'll be better off than simply investing on the first of the month. Plunking down $500 twice a year when the market heads down, for example.

[genxlib]

23. I have no doubt that there are strategies to make an educated decision

But they are not assured. Play with house money but don't bet the house.

I am not sure what you mean by "newspaper headline crashes".

I am a bigger fan of the opposite as it relates to the shoe-shine boy story. Get out when everybody (including the shoe-shine boy) thinks making money is easy. I have had a number of those episodes over the years. Especially as it relates to the dot-com and the housing bubble. Just had another a few months ago that timed pretty well with the peak.

[bucolic_frolic]

24. They are equivalent but

shoe-shine boy gets out a little earlier than the newspaper headline crash indicator which is more a buy something that's cheap after the fact.

An educated decision is one made for good reasons with experience. Charting allows decisions made on historical data and indicators and with varying degrees of solid or even high probability. Wall Street doesn't want the public to know. It would ruin their game. They make money on their trading, they make money on managing others' money. And every 8-12 years the market crashes. Even if you buy and hold for 40 years, the managers make almost as much or more than you do - their investment fee compounds every year. It might be .8 or 1.6 percent but it still compounds.

[spanone]

3. Wall Street hasn't opened for the day....yet.

[asiliveandbreathe]

10. DOW 10/25/18 down 608 at 9:20a..but then you knew that....

[spanone]

11. No I DON'T KNOW THAT . it hasn't opened. this is WRONG.

IT CLOSED AT -608 YESTERDAY.

[Agschmid]

14. Wrong.

[muriel_volestrangler]

15. "Dow futures poised for modest comeback after stock-market rout rattles Wall Street"

"Futures for the Dow Jones Industrial Average YMZ8, +0.41% were rising 127 points, or 0.4%, at 24,723"

https://www.marketwatch.com/story/dow-futures-poised-for-modest-comeback-after-stock-market-rout-rattles-wall-street-2018-10-25

You and the OP are talking about the drop yesterday. Not today.

Please don't wave in reply to me.

[asiliveandbreathe]

17. Okay..I won't wave...been a while since I dabbled in the market..9:30a of course..

lived on my 72T for ten years........peace...

[hlthe2b]

5. THat is yesterday's result... DOW opens at 9:30 ET

9:30 a.m. to 4 p.m.
The U.S. stock exchanges are open from 9:30 a.m. to 4 p.m. Eastern time, Monday through Friday.

[bucolic_frolic]

6. Futures indicate an open of +119

don't know where you're getting your info

[imanamerican63]

12. I'm in California and mistaken the time!

Thanks!

[onenote]

16. I suggest you delete your OP

[asiliveandbreathe]

18. I did the same thing...west coast..got smacked....told not to wave...

[JaneQPublic]

7. It's all my fault.

I topped off my Roth IRA last week, so of course the market plummets.

The money would've been better spent as Dem campaign contributions rather than throwing it down the stock market rat hole.

[democratisphere]

19. If THIS is winning, I can't imagine what losing looks like!

[Odoreida]

22. Winning yes, but for whom?

Otherwise known as "profit taking".

[ck4829]

25. Kick

[Achilleaze]

26. Hello? That OP was from last Thursday

Might want to check the Dow today....This is what CNN Money is saying:

Dow set to jump more than 200 points as Wall Street tries to come back from last week's losses

https://www.cnbc.com/2018/10/29/stock-market-dow-futures-seen-lower-amid-earnings-season-worries.html

[no_hypocrisy]

27. Up 240 now.