I think the market will only go down. There is a lot of technical support at 7300. If it breaks through 7300 appreciably, we are in some deep shit, because there doesn't seem to be much support under 7300
Look at this chart. http://finance.yahoo.com/q/bc?s=%5EDJI&t=my&l=on&z=m&q=l&c= There doesn't seem to be any support between 7300 and 1000. How low will it go? It looks like we're re-testing the lows of October 2002 where we closed at 7286 on October 9, 2002. There is a lot of support there. If we break through to the downside, where do we go? Once again, I hope I am wrong. Having millions of people unemployed and losing their homes just so I can say, "I told you so", isn't worth it to me. ************************************************* Barack Obama is not My President http://www.cafepress.com/rightwingmike --- On Wed, 11/19/08, Kristyne McDaniel <[EMAIL PROTECTED]> wrote: > From: Kristyne McDaniel <[EMAIL PROTECTED]> > Subject: RE: [OT] Obama crash continues > To: "'ProFox Email List'" <[email protected]> > Date: Wednesday, November 19, 2008, 6:03 PM > Madigan, > > > Stock prices predict future economic conditions. > Today's > > stock market predicts what an Obama administration > would do > > to business. > > The first point is true. Stock prices look to the future > from the present. > > The second point is not true. The stock markets are > reacting to uncertainty, > not so much to the presidential election in particular. I > believe we can > expect the stock markets to act like yo-yo's for the > next 6-12 months. > There's not enough liquidity in the country's > capital markets for the stock > market to be predicted, and I believe the reactions we see > are to the issue > of whether liquidity will be injected thoughtfully or with > a sledgehammer. > > Kristyne McDaniel > http://www.kristynemcdaniel.com/blog > http://www.emryldadvantage.com/ > http://www.mcstyles.com/ > > Whether you think you can, or you think you can't.... > you are right. > -- Henry Ford > > > > _______________________________________________ > Post Messages to: [email protected] > Subscription Maintenance: > http://leafe.com/mailman/listinfo/profox > OT-free version of this list: > http://leafe.com/mailman/listinfo/profoxtech > Searchable Archive: http://leafe.com/archives/search/profox > This message: > http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] > ** All postings, unless explicitly stated otherwise, are > the opinions of the author, and do not constitute legal or > medical advice. This statement is added to the messages for > those lawyers who are too stupid to see the obvious. _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
