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SPDR Dow Jones Industrial Average ETF Message Board

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  • tommyfilmproductions tommyfilmproductions Oct 23, 2008 3:58 PM Flag

    Pretty obvious this thing going to 7700 today

    What makes you think we won't touch 7700 in the next month?

    Do you people not understand we're in the smack dab center of a current 17 year bear market cycle? This thing started in 2000 and won't start to ease until 2015.

    Look at the peaks going all the way back to the crisis in 1907.

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    • I never said it won't go down to 7700 in the next month...I said it would not go down to 7700 today!. The market was down 200 when I said it would rally strong at the close to finish green...which I believe it did. Get out of 1907 and look a little closer at the present. We are meeting lower resistence already. While it may touch down in the mid 7000s sometime over the next few aint gonna fall there in a few hours. The market has already priced in all of the bad news.

      One thing is for sure...the market will see 9000 again before I need the money that I am investing today. So I aint too worried about going long now.

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