For those that didn't noticed, yesterday's break of 8000 also marked a break of the 50.0 Fib level drawn from 1987 to the 2007 top. We have much further to go down...
Seems that every rally is met with plenty of selling, I can see this happening for quite sometime but eventually this will tire out and of course you will not notice the bottom until well after the fact.
yeah eventually...that could take years...people were saying that all the buying in the 90s and from 03-07 was going to have to end also.People waited for years for the trend to change.We are in the worst bear market since the depression.Nobody on wall st today has seen this action.