XJO 0.93% 7,889.6 s&p/asx 200

hey guys, I made some posts in the past few weeks stating that...

  1. 2,473 Posts.
    hey guys, I made some posts in the past few weeks stating that the DOW would go to 10,000 - while I maintain my stance that it'll likely do that this year - I was wrong in my assertion that we would not first see a pullback - we have!

    I woke this morning to find that all my stops had been triggered and I had exited the market with a nice (but modest) profit.

    I have now opened a short position which is already in profit territory, BUT, I'm really not sure how much of a pullback we're going to see.

    Will 9100 hold? or are we going much lower with the lead into October and the 12 months since the real carnage happend.

    my own thoughts are that it'll be a pullback of no more than perhaps 10-15% so we'll fall back to 9000 maybe high 8000's.

    Any thoughts from anyone else?
 
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