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Be prepared for a big downturn


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#11 Rich

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Posted 01 June 2007 - 02:59 PM

looks early to me.


Me too.

Rich

#12 bullishnot

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Posted 01 June 2007 - 03:13 PM

right on time for the decline

#13 snorkels4

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Posted 01 June 2007 - 03:46 PM

lots of volume last couple hours. wave 4 acc ??

http://stockcharts.c...79708&r=543.png
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#14 TradeMark

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Posted 01 June 2007 - 06:00 PM

Nope, not going to happen. We've had setup after setup since March and Mr. Market only goes up. All declines have been outlawed. Some say due to global market warming. Bears wounded, dead or driven from the forest. Bulls roaming freely, nobody sells. Don't believe me? Neither do I, but dat da way it is. TM

#15 JAP

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Posted 02 June 2007 - 06:01 PM

As long as we keep having all this M&A activity, this market isn't going anywhere... except up. Even the Chinese bubble and interest rate hikes cannot scare this market. DOW will hit 14,000 within the next 1-2 weeks and the SPX will hit 1550 this week. But, when this market does correct, it's going to be very, very painful.