where the dow is heading, page-3

  1. 1,392 Posts.
    The following is in refernce to nyse nhnl spike:
    in mid june, the dow reached about 10,650 - supported by a spike level of about 350.
    in mid july, the dow reached about 10,700 - supported by a spike level of about 400
    in early august, the dow reached about 10,700 - supported by a spike level of about 400
    in mid september, the dow reached about 10,700 once more - supported by a spike level of about 270
    now the dow is back to about 10,650 - with the spike at 8.
    Looks pretty scary to me. Getting ready to go seriously short. Cant be much left in it. Bottoming of the oil rice should just about do it and thats not far away, perhaps a couple of bucks before fundamentals reign her in.


 
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