yes....we will drop 357 points before a 127 point pullback.......no-one has a chrystal ball boet....let your trading system tell you when to get in and out...never ever try and choose a top or botom.....mn opinion but believe me I have learnt the hard way.
I can confidently say that I have no idea which way this market will go next nd I don't give a rats as*. I do know we are in an uptrend I would expect this to continue at some point. Europe may or may not stabilise, this will affect the Dow and in turn us. Either way, long or short, follow your entry and exit signals and bank your profits...I have found that taking a position on where I think the market should go next has always resulted in me making the wrong call based on my bias......I have found that if I simply follow my entry and exit signals regardless of my opinion I am ok.
Ouch...The DOW just closed on its lows way below last thursdays price action..So tomorrow is D-Day..huge possitive rally and there is a touch of hope..if tomorrow the selling continues I recon we are going to test lows march 2009...that should take about 4-6 weeks..
still got an hour to go don't we? But there doesn't appear to be much volume at the moment, the dashboard is not really flashing like crazy - so I am guessing that the close is a result of nobody prepared to make a call at this time. Wouldn't have too much money on a rally tomorrow though - there is a big difference in rallying from 4-5 times PE's vs rallying from stocks that are still sitting in excess of 15 times earnings.