Just note this post.. We will see 7600 prior to moving up anytime.. This may not be this year but definitely within few more months after election this is gonna happen.. if you are very clever predict the exact time and buy ur puts..!! Shorting is not an option right now..
Fortunately, it's not necessary to know what is going to happen in order to make a lot of money in the markets.
Well, for example this year I had no idea a subprime crisis was going to develop. Nevertheless, this year so far is one of my best ever, just by following the trends in various markets. Thanks to the subprime crisis.
Actually I don't think that 7600 is that out of this world. For obvious reasons, 10,000 might be a bit of a bitch to break, however a break into the 4 digit area should make anybody think about scaling in.