Anonymous asked in Business & FinanceInvesting · 1 decade ago

Will the Dow go under 8,000 tomorrow?

4 Answers

  • 1 decade ago
    Favorite Answer

    No, the market looked extremely bad today, but mainly because the lack of volume made it look worse than it really was. The current downturn has been slowly losing both volume and volatility. It wouldn't surprise me if the market breaks below 8,000 tomorrow, but I don't think it will stay there. The big question is, when will the redemption selling end? It should hopefully start to taper off tomorrow. We should open on very low volume tomorrow, fluctuate throughout the day, and then start a move to the upside around 2:30. If redemption selling doesn't step in at that point, then we could be in for a strong bounce back in the final hour.

    Of course that's my optimistic outlook. My pessimistic side says we're gonna break the October 10th intraday low of 7773, but I find that to be highly unlikely.

  • 1 decade ago

    Perhaps not tomorrow but it won't stabilize before reaching 8000. My guess is actually 7-7500.

  • 1 decade ago

    I am up 71% this year having fun making money in the stock market. I love this market. It can go under 8000,7000,6000 and I still will make the money guaranteed.

    Source(s): years of successful trading
  • Anonymous
    1 decade ago

    not tomorrow but it will just keep falling, it has some rebounds when a lot of money is lost but in a week it will be bellow 8000

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