Well as long as the market remains a market. usually it will go up and it will go down, so congratulations on finance 101. As far as it being a bear market rally? Arent you supposed to be a trader? You guys with your predictions on where the market's going and what not when 99% don't have the qualifications to understand to decide that. And even if you had the qualifications, WHO CARES! Understand one thing, you can't predict the future. and you make your intelligence even worse when you try and do it on ET.
My guess is we rally back to 7500 before month end, don't won't a monthly close below that huge support. Dow monthly chart.
Just for the sake of this post, if the PPT (or whatever name or entity you choose for the artificial trend via Obama confidence calls), if the gov't is able to keep pushing up the Dow number we'll be left pondering a zombie.
Thank, Kev meister for sage wisdom. imo, we go back to that S&P 800-850 band with perhaps a spike up to near 900 but not quite there.
ummmm.... ok look who is taking about losing money ??/... I though I have started a good forum.... I did shorted this morning and took my profit, That was all about it , going back to 750 + , I will short it again
Ah, look who crawled out from under their rock on an up day! After getting owned over and over, he's here to tell us he's been right all along.
stockta.com is saying the next resistance on SPY is 80.69 I would have thought there was resistance sooner http://www.stockta.com/cgi-bin/analysis.pl?symb=SPY&num1=1&cobrand=&mode=stock