8000 IS A MAJOR level of Support for the Dow Jones right now and we have broken two major levels of support today and this could mean we have much more downside room left on the stock market.
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That is for certain… but didn’t you say if it breaks below (not four times, but just once) that the market will skydive? And since there was a rally (not a crash) the first time after it’s 8000 breach since your prediction, wouldn’t you consider that to be significant support?
The intermediate term time frame is not over. We will see how the market reacts the next 20-30 trading days based on this.
Dude,
First you I hope you didn’t short the hell out of the market with your life savings on the 15th, after it broke below. 2nd, the market has gone below 8000 4 OUT OF THE 5 TRADING DAYS after you posted this. Good try though….
Hopefully they haven’t repossesed your PC so you can read this…
Have a magnificent day….
Have yourself a magnificent day. When the rapture happens and jesus leaves you behind it won’t be so magnificent.
Save all your campbell’s soup points. You’ll need a lot of soup to get trhough this
I beleive it is partially a ploy to secure more bailout money. a falling stock market is the best way to send fear about the economy. I beleive there are alot of people getting very rich on the billions of dollars they are stealing from the citizens in bailout money and there are billions more to come.
the question not 8000, next two day we will be below 8000
the real question is are we going to be able to pounce on 7500 or going down to 6200.
I agree with Peter on this, but most likely and hopefully not for at least a couple years.
Obongo’s “stimulus” is a rat hole.
The Tony Soprano Construction Companies and illegal aliens will benefit the most.
thanks! but shouldn’t you do the opposite of what Cramer says?
Those funds are triple financials in the bull and bear funds. They are best to be held shorterm.
its looking that way. Cramer said on the 13th on Mad Money to buy gold later. I agreed with him, and maybe his is right, but it is good to hear Jim say to wait to buy gold. Gold should be going up longterm, but it’s uptrend line has been broken.
Peace.
The Dow closed near 7000 in 1998 and 2002. That’s strong support but it’s due to be broken, if only by a little. Once complete I’m looking for a rally of six to twelve months. The market is about to give George Bush Jr. his farewell.
Option expiration friday so we will have a bounce and a huge drop on monday. Switching between FAZ and FAS.
Short List: AAPL, GOOG, DIA, QQQQ, HOG, DIS, GM,C. Market is coming down guys. Short.- Affluence. Check out my stuff.
