DOQ getting very comfortable with the 8000 level.

We closed under 8000 only 3 times since October 10s. Every time we closed under the bounce was very fast and hard. And yet here we are back again . This time I think we'll go under 8000 and stay there. And it will become resistance on the upside. edit : oops. That was supposed to be DOW not DOQ.

Edited by ogm, 30 January 2009 - 03:37 PM.

The weekly charts of everything I'm short (and more) look gosh awful. I'll post some analysis later, but I think we're finally ready to break the '08 lows on everything.

(Edit: Gosh golly, you can't say G*O*D on this forum?)

Edited by unosuke, 30 January 2009 - 03:41 PM.

The weekly charts of everything I'm short (and more) look gosh awful. I'll post some analysis later, but I think we're finally ready to break the '08 lows on everything.

(Edit: Gosh golly, you can't say G*O*D on this forum?)

I agree.

you would think that even the bull scenario will have a wash further down under 8000 now before any reversal.

The weekly charts of everything I'm short (and more) look gosh awful. I'll post some analysis later, but I think we're finally ready to break the '08 lows on everything.

I agree - but don't we usually see at least a little strength at the start of each month? Few days?

The weekly charts of everything I'm short (and more) look gosh awful. I'll post some analysis later, but I think we're finally ready to break the '08 lows on everything.

I agree - but don't we usually see at least a little strength at the start of each month? Few days?

That would follow the September '08 pattern, but it wouldn't be worth trading long.

September '08, before the crash:

we closed dow 8000. no manipulation there