***warning: All Support On The Diamonds (djia) Is Lost!!!***read This Post

Quote from ess1096:

Hey shit-stain, I was just wondering..... do you have a Hot Key you hit that just automatically posts your bullshit?
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LMAO!!!
I really do believe that the powers behind ET pay him per post.

:D
 
Quote from Landis82:

LMAO!!!
I really do believe that the powers behind ET pay him per post.

:D
More...

Obviously. I have put the clown on ignore, but some just cannot resist quoting him.:(
 
The DOW low last week was 7250, while the low of 2002 was 7200. That we broke november lows is bearish but until we even touch the 2002 bottom, there's no reason to yell DOW 1k IMO:eek:
 
Also I propose that you look at $TRAN (transportation average) It's higher than 2002 low in percentage terms. It means that TRAN doesn't confirm that DOW has reached 2002 lows. Nonconfirmation.
It might MIGHT mean something according to Dow Theory
 
One of the biggest mistakes that folks make is thinking of support or resistance as a brick wall, and that once it's broken it's all done. That's not the case at all, support and resistence should be looked at as AREAS, not absolute prices. This small and simple change in my thought process resulted in a huge positive impact on my bank account.

Brandon
 
It is not impossible to conceive DOW 4,000 in the near future. Nor would DOW 4,000 be the end of the world. On a LONG term chart the DOW could be at 4,000 today and still look bullish. You don't need to predict it, just be prepared for it as traders as opposed to surprised by it IF it should happen.
I would be watching closely where Feb closes to see if the 7440 support holds.
On the other hand, we may look back to see that we are sitting on a GREAT buying opportunity at this level. Again, be prepared for it, not surprised by it.

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