dow 8500 a break a collapse, page-6

guys lay off the bear talk.Those levels may never be hit hit on the DOW.let alone this year.Long term i do believe the dow is DOOMED but in the short term expect a consolidation of the rescent plunge.If you have a look at The long term daily charts on S&P,we have a massive M pattern being formed,and we all know what comes after the M,the A thats right,so i would be expecting more of this A to be formed,i would say max 1100 on S&P and around 10000-10500 on the dow.The tough question is how long it will take to hit.this A pattern could take till mid next year to be formed.But when it has peaked,we could be looking at 500 or less on S&P.It is very scary,but there is more to this xmas rally guys,trust me.We may kick off again around the 18th.

hang in there people.Plus its not the DOW we have to worry about of late.Its more what will we do.

gunn