Double resistance? Dow 12,000 S&P 1,300?

[crgarcia]

Clear resistance levels.

Coincidental or not, both indexes have simultaneous resistance at round numbers.

 

[stock_trad3r]

The fed WILL cut huge this week and the markets will continue to surge, blowing past the resistance. Good time to go long.

The dow should revisit 12800 pretty soon

And then 14500 by fall 08

 

[Longhorns]

Quote from stock_trad3r:

The fed WILL cut huge this week

No shot.

 

[balda]

Quote from stock_trad3r:

The fed WILL cut huge this week and the markets will continue to surge, blowing past the resistance. Good time to go long.

The dow should revisit 12800 pretty soon

And then 14500 by fall 08

fed will cut .50 which is already priced it. and that will disappoint some participants.

 

[stock_trad3r]

There will be a 75 points cut. Everytime the fed opends his mouth is is doom and gloom. A 75 point cut is a dead givaway.

 

[PaulRon]

14,500 DOW this fall?

Right...maybe if bernanke drops rates so low they're negative...

 

[stock_trad3r]

Quote from PaulRon:

14,500 DOW this fall?

Right...maybe if bernanke drops rates so low they're negative...

We're almost up 300 points today WITHOUT any cuts. When the fed cuts we'll probably add another 300 points. And then a steady rally to 14500.

 

[PaulRon]

Quote from stock_trad3r:

We're almost up 300 points today WITHOUT any cuts. When the fed cuts we'll probably add another 300 points. And then a steady rally to 14500.

did you not notice the 200 billion created out of thin air today?

 

[frank grimes]

what the fed did today wis more meaningful than trying to appease the buy and pray crowd. Any fed cut next week will be met with a barrage of selling.

 

[stock_trad3r]

Quote from PaulRon:

did you not notice the 200 billion created out of thin air today?

Up is up chump. Dow up 310 points...