It'd be nice, but extreeeeemely unlikely. It took 6 years for the dow to retest the highs of 2000.....and you honestly believe it'll retest the highs of 2007 in such a short time frame after the sh*t fight of late??
The monthly trend is up. The weekly trend has been in a down swing but it looks like the weekly trend is going to be confirmed into an uptrend soon.
There's a whole lot of weekly down trend happening just above 1100 on the S & P 500 at time of writing. There might be a short term reversal in the wind, but 'caveat emptor'.
There we go......all 5 point targets filled with the trade through 873.50 Holding remaining position for additional downside action.
The GMAC bailout is why futures are up. Yawn.... when will the government go back to free market principles?
GM bailout "news" again? So much for beating a dead horse for the third time, another fading opportunity.
The cycles in the Dow on weekly the daily will turn around in the next 5 days. For confirmation look at the recovery yesterday. Dow will top out between 10800 and 11600 between april and august 09 and then turn back down when earnings fail to start any comeback.