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Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
03-03-2009, 07:14 PM
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#11
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Old Guy
Join Date: Oct 2004
Location: Mansfield, MA
Posts: 8,760
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At the moment, the charts seem ready and willing to deliver another leg on the downside. This can be best seen on weekly charts, in which the "hump" formed between November and here serves as an umbrella, and the market is dripping off the right side. In terms of the SP-500, this down leg could easily fall to around 600, although 450 is certainly not out of the question. A reasonable target for the Dow is 5800.
Thats gonna hurt
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