heading to 6000 or 5300

As everyone knows the year 2007 and 2008 have been a horrible year rather called "dead man walking year"

I'm quite suprised to see DOW breaking 7500 level and no even short-covering rally ahs not been happining.

Yes, this is a scary thing - who whould have thought that CITI and AIG are on the blink of collaps.

Many chartists are suggesting that DOW will move lower to 6000 or even 5300 where is a depression level.

and few people are saying the final bottom is near, just suggesting short-covering rally.

I still believe that we gotta see a massive capitulation - like down 500 to 700 points drop before we see some kind of sustaining rally.

I'm too scared to buy Dow's index contract unless we see a major bottom