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
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