Here it goes folks I think we bounce here very soon - I currently have some numbers to watch on the S&P BUT I dont want to list them here as I am getting alot of questions from people who are not that experienced in trading the market.
I think we will get a monster day up very soon but we will get it after we get a flush out.
Long Term I think, nope I know the market is broken. I have an ultimate target on the DOW @6000. YES 6000, my ultimate low with a -20% error rate so We could goto 5000. S&P can easily goto 550 here from the charts I am looking at but these are longer term targets.
I can say this here and now WE WILL NEVER SEE DOW 15000 Period NOT FOR THE NEXT 10 years. Forget about it, it aint happening.
Stay tuned I have a few idea which should rack us up huge. Stay cash heavy
Tuesday, October 7, 2008
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