Looks like a market break out brewing
- Thread starter fantastic4
- Start date
SHUT UP!
The great Bear Market of 1937-1938 in which the Dow dropped 49% in one year with a commodity collapse very similar to what we experienced late last year would say that you are very wrong. But then again, you've always struck me as a "noob" with more of a desire to make all sorts of ego-ridden predictions/claims rather than any kind of reflection on actual market history.
Go figure.
cant short this market ever. buy all dips. no risk & 100 % upside.
Here we were.... and here we go..... down down down.
There is still hgue support. keep in mind that jobs numbers can be another catalyst for a strong rally.
First support on Dow is around 8300-8400, just 300 points lower.
I don't think the econ data or the earnings data is going to help move this market higher.
The big Fed and Treasuary rallys are OVER. Bears could mop the floor with the bulls but are afraid of congressionsl investigations into shorting.
You know at some point it is un American to short.
Just sell at Dow 9000 and buy at 8400, heys lets do this for the rest of 2009.