Once again, bhardy, there isn't anything salvagable. There's only inflation and a mountain of debt from overpaid entitlement commitments. This leads to deflation.
I don't care. I am trading a one hour chart. If I wait for the market direction that you are expecting, I will lose ALOT of money! In the meantime, I am earning money on these smaller trends.
Telling you a top is in, doesn't tell you to go short? I recognize that you falsely believe that I'm not trading, but I've also predicted nearly every oscillation in the last 168 hours. This is a lower high oscillation, that will be followed by either a higherlow and lower high or breach Lower Low and then lower high. What happens by the end of that lower high is certainly debateable, but the trend is not. Bear market.
We're not at the end of a sequence of bailouts by the respective governments around the world. 13000 at some point before the end of 2011!
800 points in 3 weeks? Quite possible. Of course in the meantime, I'll likely go long and short more than 100 times.
Bhardy, Eurozone fringe in deep recession, Eurozone main in recession? Hello? Please don't lose if I'm telling you the DOW won't even make 12,500, let alone 13,000.
You're so stupid, bhardy! Idiotic! The second best week in the history of the market was 2 weeks ago for about a 1,000 DOW points. Don't be an imbecile. I know you won't get that after the rally from the lows. It's entirely implausible, and irrational. I still wish my NQ 16807 would get the fuck out of the trade, but it's still buying.
The point I am trying to make, you stupid narcissist, is that you are a fool to make any prediction beyond the day. Just trade the price as it is right now.