DOW about to test 8000

[MrDODGE]

We are setting up for a violent swing back down. All of my indicators are SCREAMING overbought.

 

[stock_trad3r]

Quote from stock_trad3r:

Yea but funds with tons of money on the sidelines could try to induce a short squeeze because a lot of people expect a breakdown and a swift retest of november lows and shorted accordingly.

I think this bounce is the real deal even though it doesn't seem like much now.

We're also seeing very good intraday strengh with large cap tech (goog, aapl, rimm) and energy. Stronger sectors are holding up well.

QFT

 

[stock_trad3r]

No, QFT means Quoted For Truth

Up 200 points off lows and surging. Cant stop this market. The lows held. Dow 10,000 here we come.

 

[stock_trad3r]

Quote from stock_trad3r:

13-Nov-08 8,281.14 8,898.41 7,947.74 8,835.25 7,849,120,000 8,835.25
12-Nov-08 8,684.52 8,684.52 8,235.66 8,282.66 5,764,180,000 8,282.66
11-Nov-08 8,864.32 8,892.20 8,499.62 8,693.96 4,998,340,000 8,693.96

note the 13th when it broke 8K

QFT again

perfect rebound.

I didn't sell anything/