***warning: All Support On The Diamonds (djia) Is Lost!!!***read This Post

Plenty of stops are going to be hit down here and the PPT will probably be active today. Huge move up coming some time today. Doubt it will cause the market to finish green though.

 

this gets better and better

 

Im looking for an oversold bounce, I would not be adding any shorts at this point in the game. Dow 7000 ever so close, we could be there soon, aside from that I see an oversold rally coming soon.

 

i tried to warn ya! Market is screwed!!

 

At least I provided some ACTUAL technical analysis back on Jan. 30th for my 738.31 SPX target, instead of your usual gibberish.

http://www.elitetrader.com/vb/showthread.php?s=&postid=2283515&highlight=SPX#post2283515

 

hmm it looks like this has become the new trading forum

Keep in mind that technicals rarely work on indexes. The sp00z and DJIA seemed very bearish in October 2002, but well know what happeend later.

 

You're the only one not making money dude! Join us in our shorts....it might not be too late

 

this is realy ugly

1996 high of 5800 is the next support, then 1994 high of 4000

 

I agree that the 1994 support is clear.
Also, a trendline snapped on the DJIA from July 1932 low to August 1982 low, and extended outward into the future puts the DJIA around 3800-4000 if the DJIA continues falling at the recent rate.
I think the DJIA will be there by mid 2010.

 

lol dow 4000...maybe 2000?