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

Hey I was wondering if you could make us a similar chart of the S&P.

Thanks a lot for that perspective.

Quote from ess1096:

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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Quote from investics:

Hey I was wondering if you could make us a similar chart of the S&P.

Thanks a lot for that perspective.
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Obviously, as far as the trendline is concerned, there is far less history in the S&P. But the 1994 support still remains.

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all meaningful support on the dow will only be broken after dropping below 7000.

That would be the point the mega bear conquers or mortally wounds the mega bull and the path of least resistance is downward for a significant distance
or time to come. And the rise from dow 1000 to dow 14,000 (1983-2007) would end up looking like a monster bubble that ended up with a POP!
 
Trade Trade Trade...

Whatever happens, the market will make some huge moves this week... be nimble and trade with the trend and you'll never go too far wrong.
 
:cool: :D

Quote from the1:

Plenty of stops are going to be hit down here and the PPT will probably be active today. Huge move up coming some time today. Doubt it will cause the market to finish green though.
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Quote from stock_trad3r:

SPY could rally 15 % next week
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And even if it did, you'd be down 86%, instead of 90%, in your monopoly money, paper trading 'Baby Einstein Investing Portfolio.'

But keep pretend buying and bragging about it (after blowing up atg least 9 times in 9 months) when there's downward pressure due to increasing redemptions and margin calls.

WERD!!!
 
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