12,000
- Thread starter S2007S
- Start date
yep
It's now being tested. Hold up, gotta love round numbers.
It's now being tested. Hold up, gotta love round numbers.
The dow may bottom around 11700 enough to lure in more shorts before resuming uptrend.
if your choosing to stay short rememebr that markets do rebound
if your choosing to stay short rememebr that markets do rebound
11970
Here we go, hopefully this is only a intraday penetration.
Here we go, hopefully this is only a intraday penetration.
Quote from trickshot:
Game over fror the bulls?
When stupid money starts shorting you know there will be a rebound soon
im looking for the dow to hold the 11700 area, if it doesnt than sub 11500 is very very likely. Would start getting bullish around 11250-11500.
Market needs a 10%+ correction. The question is, is this the start of a bear market or just a minor setback leading to double digit gains by the end of 2007.
Pay close attention to the transports and semis.
IF the semis start breaking down this market has no chance of seeing any kind of rally to new highs anytime soon.
Transports are selling off extremely hard today as well. They usually say the transports are the key indicator of where the dow goes. Transports did break new highs but have since pulled back.
Market needs a 10%+ correction. The question is, is this the start of a bear market or just a minor setback leading to double digit gains by the end of 2007.
Pay close attention to the transports and semis.
IF the semis start breaking down this market has no chance of seeing any kind of rally to new highs anytime soon.
Transports are selling off extremely hard today as well. They usually say the transports are the key indicator of where the dow goes. Transports did break new highs but have since pulled back.