400 point upmove today should take the Dow to... - Saab General Bulletin Board - Saabnet.com
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400 point upmove today should take the Dow to...
Posted by Dave B 89 900s Auto (more from Dave B 89 900s Auto) on Fri, 19 Sep 2008 02:36:49
In Reply to: OT: Horrid stock market: Time to buy or wait?, Caarma [Profile/Gallery]
, Wed, 17 Sep 2008 23:11:37
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just over 12,000. If your a short term trader, day to week horizon, I'd be looking up. If you have a 401k in peril when the Dow gets over 12,000, sometime around election day, move it to the interest yieling money market category.
Down legs, or bear markets consist of 3 legs. Initial down, denial; which we've just completed. 2nd up, sucker rally; starting now. And 3rd down, realization which should take the Dow from the 12,000 to 9870 or possibly even as low as 9750!
Remember we've came from 7200 in 2002 to 14,200 in 2007. That's a huge move without a correction. Retracing half of that is normal..and that's about what it's done.
posted by 63.19.170...
Posts in this Thread:
- OT: Horrid stock market: Time to buy or wait?, Caarma , Wed, 17 Sep 2008 23:11:37
- Re: OT: Horrid stock market: Time to buy or wait?, turrbo , Fri, 19 Sep 2008 21:38:08
- Stay away from those..agree with TKC..., Dave B 89 900s Auto, Sun, 21 Sep 2008 07:48:15
- I just dabbled a bit with a couple of grand, Caarma , Sat, 20 Sep 2008 10:28:22
- Ah yes, the young and the brave....., TKC, Sat, 20 Sep 2008 06:20:39
- 400 point upmove today should take the Dow to..., Dave B 89 900s Auto, Fri, 19 Sep 2008 02:36:49 <-- Viewing This Message
- Now is not the time............, Herb Hirsch , Thu, 18 Sep 2008 15:56:54
- Better question is how and when to get out and, steve, Thu, 18 Sep 2008 10:18:26
- Sit tight, things are still all over the place...., TKC, Thu, 18 Sep 2008 06:19:26
- Re: OT: Horrid stock market: Time to buy or wait?, EGD , Thu, 18 Sep 2008 03:34:06
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