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SPDR Dow Jones Industrial Average ETF Message Board

  • sterlingbreeze17 sterlingbreeze17 Jun 24, 2009 4:29 PM Flag

    Dow is done !!

    They would spike the markets up on bad news day after day telling the lemmonds that it was all about the future. How many talking heads paraded out one after the other telling us to look 6 months out. I guess they forgot to look 6 months out last fall before America lost half of its wealth. For months the dow would go up on bad news and ramp even higher on good news. Now it can't hold any of its gains. The futures are still getting a bid but they don't hold. 8k is a no-brainer, but I wouldn't be shocked if after a little rally we test the lows in the dreaded Sept. and Oct months. Remember, the market always does the opposite of what you think it should do !

170.76+0.39(+0.23%)Oct 9 4:19 PMEDT