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SPDR Dow Jones Industrial Average ETF Message Board

  • zencowboe zencowboe Feb 2, 2009 3:47 PM Flag

    Dropped to 7880 and bounced back to 8000 twice

    That's how this market has been in the past 3 3-4 months when Dow is near 8000. You short, you have to stay cover quickly unlike if you were shorting from 9000 level.

    Notice that OBV was actually rising during the fall after lunch, also VIX only went up slightly, which signaled rally towards closing.

    However, also note that this closing rally is showing drop in OBV (as well as VIX)...bit conflicting info, but I think it's set up for a similar fall (and a bounce) tomorrorw.

    Ignore those that dream of 5000 or 13000 Dow in the near future. That's just bunch of BS.

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    • Like I sai,those figures? too long too far. If you guys can predict where dia will be at in the next 30 days you will all be rich already. Why worried too much. the market will always be here,but where would some of us traders will be though? broke? bailout and go see god?who knows

      • 1 Reply to thanhthunguyen
      • I agree with TTN, it's useless to try to predict that far into the future...I find it hilarious when someone does it, turns out wrong, then just ignores it or make adjustments...lol...

        I''ll give you a prediction too, if today DIA closes near 81, i'll be in long cause it would be a near perfect morning star, hows that sound ;)

 
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