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SPDR Dow Jones Industrial Average ETF Message Board

  • thunderbolt707 thunderbolt707 Sep 6, 2008 11:54 PM Flag

    THERE WILL BE SPIKES IN THE INDEXES, BUT THE MAIN TREND IS DOWN - BEWARE.

    There will be spikes in the indexes, but the main trend is down - beware.

    consider yourselves warned.

    september is going to be very bad for longs.

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    • As always
      i had a serious look at the spy chart
      battle lines between the bulls and bears were drawn last thursday
      u may get a week short covering /arm twisting if any on monday open and tuesday may be
      if at all
      and then all down hill
      i did not want to share this but
      i will
      this up channel or the up flag
      a bit big
      which was broken last thursday on the down side
      is the mid point of down move
      real down move starts next week aftere exhastn of up gap
      test of lows and then new lows
      nothing has changed
      stay tuned
      i am neither a bull nor a bear
      i just say what the market wants to do

      • 1 Reply to technicals_say_it_all
      • I think the markets will go up near term, couple days/weeks not sure. But in the end they will fail. I wish I'd kept one of our posters comment who said ~ 'ultimately market moves are all about money coming in/out of the casino', the casino being the market.... & I don't see why cash will come into these markets in this condition. I just don't see it. Without consumer and now unemployment increasing, the ripples will turn into waves. If markets get a big move up this week, it could be a last chance to get out before the next leg down, a strong reversal of any large upmove should be the signal.... IMHO... - tonypar9

 
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