I say yes and I made some bets to that fact... I say it will not only test and break through 13000 but it will stay there at the Friday's close...... dip buyers are dreamy eyed suckers and you can only buy after a major sell off and multiple of slow volume days after the blood is cleared off the street.....
yes, my thoughts since early last week. i think we should re-test the lows, further downside , breaking 13k & getting down to the 200 ma on the indexes. a healthy move to bottom & base for the next move higher. imo
Bears continue to press, but I think we get a vicious multi-day snap back to clear out all the bandwagon shorts before resuming lower.
I was hoping that happened yesterday in the morning scaring some shorts to cover. New bandwagon of shorts. DOW 11,500 is only a year away!
I would get very bullish at 11500. I think the dow breaks 13k and dips quickly to 12500-12700 area, if that doesnt hold expect the markets to test lows set at the end of Feb early March.