my target on the dow is around 9800. technically,thats where it is going but after that,its anyone's guess. i measure the neckline to the top and get about 2200 points or so. head and shoulder pattern and its text book.i don't care if the government is bailing out general motors,this market is going lower so ignore the bs on monday and have fun with the bear market rally and perhaps even short a but tomorrow but me nimble.
I feel bad for any bull who thinks this is the "new" bull market taking place tomorrow. The Dow is going to set new lows before the end of the year.
The Fed will do anything possible at the taxpayers' expense to stop the market from setting new lows. The general public is too stupid to actually understand what is happening at the moment. Hell, I don't even know if the Fed knows what Moral Hazard is.