Edited by tuffy88, 03 February 2009 - 04:30 PM.
Dow Industrials 8000
#1
Posted 03 February 2009 - 04:26 PM
#2
Posted 03 February 2009 - 04:36 PM
#3
Posted 03 February 2009 - 05:56 PM
The bears won't take it out....only selling by bulls can do that. So the question is: when will the bulls start selling again?
This LT bull is buying, not selling for 3 years or 50% profit whichever comes first.
#4
Posted 03 February 2009 - 06:09 PM
#5
Posted 03 February 2009 - 06:17 PM
#6
Posted 03 February 2009 - 06:19 PM
#7
Posted 03 February 2009 - 06:20 PM
for PDX -
"not selling for 3 years or 50% profit whichever comes first."
PDX - what price level would convince you this strategy should be abandoned, if/when the price level arrives?
If the market crashes from here, then the country is pretty much finished. I can't think of
a single asset class which can survive a depression of that magnitude. Even Treasuries will
be worthless with galloping inflation.
So, basically I expect SPX to hold 650. If it drops much below that, all bets are off.
#8
Posted 03 February 2009 - 07:16 PM
Edited by hiker, 03 February 2009 - 07:17 PM.
#9
Posted 03 February 2009 - 08:37 PM
Edited by pdx5, 03 February 2009 - 08:38 PM.
#10
Posted 03 February 2009 - 09:04 PM