That is when you know this is just a bear market rally. The local news was spouting off tonight about how the market is in a rally mode that cannot be stopped and quoted some real estate expert who called Dow 10,000. Catching the short side is going to be very profitable.
LOL! I assume he took the MASSIVE resistance at 8300 into consideration? Whenever real estate people start giving price targets on local news then you know something is awry! Nice contrarian indicator, thanks.
It's funny, people forget that the market has already priced armageddon. If the economy gets better even a wee bit, we will see at least 9500 dow first stop. Remember, a rising tide lifts all ships. If the fed is reflating, the dji is underpriced at this level.