So does January goes! So does the year

Well as we enter the second week of trading for Wall Street we find ourselves in a downtrend left off by the mortgage news of 2007. Today NASDAQ is down 9 out of the last 11 days which now concretely confirms the worst start ever for the markets.
So does January goes! So does the year goes has been a time proven trend in the markets and if this is to be true as always we might be in a world of pain this year. I get asked all the time by people who know that i am a trader and Market lover as what will happen and to be honest I can only say that I dont feel confident based on technicals i see happening now in the market.
What should you do if you invest in 401K, investment accounts etc. I say God be with you in 2008 because i believe the least path of resistance is DOWN. Yes DOWN!
Nothing goes straight down and that must be noted, we should get short covering and periods where the talking heads come out and tell everyone everything is a OK. Well if you have confidence in giving these people your monies to grow and having your accounts year over year remain flat or negative and their bonuses rise to extraordinary levels well go ahead. For me I rather take my money and do the total opposite of what these guys are saying.
Yep the same people who told you to buy CountryWide @$20 because it is the biggest and safest mortgage brokers are the same ones now saying CountryWide @$5 will go bankrupt and will add no value to Bank of America, so take it with a grain of salt.
What will 2008 bring? well we will have to wait and see! right now the charts say we go lower and todays action lead me more on that side. The BIG MONEY is definitely short right now! and believe nothing else, they are lightening up positions because of the uncertainty in the market. Just look at BSC, LEH, TIF etc nothing but down.