Buildup prior to the invasion was a steady week of lower prices in January, until 17 Jan 1991 when coalition forces took control of skies over Baghdad and destroyed Iraqi air and ground forces.
Overlay is Jan 1991. 17 Jan was the night invasion. 18 Jan the market took a moon shot.
Once it became apparent that our guys were winning, bulls took over and the rise after the event was double the decline. The buying spree the day after the night bombing of Baghdad was phenomenal... a moon rocket.
Be real careful shorting now. Soon it will become apparent the nutjobs cannot win these conflicts. Relief rally may reach new ATH at 5360+ within a few weeks.
Everyone wants puts, all are short, VIX is jumping... that's not a good time to get short. Bottom of this shakeout sometime this week imo.
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Bottom of Bolly band... may pierce the band with a dragonfly, or hammer doji, then moonshot.
'Shock' news events rarely last more than a day or two!
Order cancelled
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Yeah history doesn't repeat and this time it doesn't even rhyme.
Startling bearishness suggests impulsive move ongoing. Short the rallies.
Moon Rocket ...??? I am old enough to remember Apollo 11 on 7/20/69 I'm sorry but today's US stock market behavior was more like the explosion of the space shuttle on 1/28/86 Back to the drawing board Mr.Sawbucks...
The difference here is that Iran actually has WMD, and Israel has nukes. Even if they don't have atomic bombs, Iran has dirty bomb capabilities at bare minimum. I'm inclined to just sit this one out.
I am old enough to remember Apollo 11 on 7/20/69
I'm sorry but today's US stock market behavior was more like the explosion of the space shuttle on 1/28/86
Back to the drawing board Mr.Sawbucks...