DOW 9880 will be telling. If we breach it significantly…
By Daniel at 31 January, 2010, 11:38 pm
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It is possible. Lots of people moving in short the last couple of weeks. Big gap downs.
DOW 9880 will be telling. If we breach it significantly…the Elliott Wavers may prove correct and we may eventually see DOW 4,700.
Also depends on whether we get a Sovereign Debt default or two…or a major attack or some other major world event.
This shows the fragility of the so-called “recovery”…not many are long for good…lots of people with their finger on the “sell” trigger to lock in gains they’ve gotten in the huge bounce from last March.
It will be increasingly difficult for the FED and Zero-Bama to pump more fake money into the system..which is what has fueled the artificial bounce…as the regular people are FED up and don’t want a 50 TRILLION dollar deficit..neither do others around the world.
PPT will have to work harder than ever the next two months..and if they are successful, it will come at quite a political cost to them and the nefarious efforts will be uncovered some day to their demise.
We’ll see…
- ArtG
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