This is the decisive drop i refered to

hithere

If you still remember, a few days ago I mentioned that there would be a decisive drop below the neck line. Here it comes today.

If we get a second stimulus bill, we all know what that means. And I really doubt congress would pass it without resistence. 8000 is just like a window paper now that can be easily poked. After several weeks hanging around 8000, then 7500 is the next stop. As for new lows, although it's still far away and many people thought it's impossible, it's still possible when we get really close to it.

Bulls, take easy, I am not trying to scare you... :)

sinnet

the neck line has NOT broken yet.

hithere

the neck line has NOT broken yet.
sinnet 发表于 2009-7-7 15:17

It depends on how and where you defines it. For me, yes, it has.

sinnet

I refer to SPX

looks like dow has broken it

CoolMax

破878更有说服力！

hithere

I refer to SPX

looks like dow has broken it
sinnet 发表于 2009-7-7 15:19

880 for SPX is not neck line, to me.

883 now means broken already.

KAI2002

不错

9527

support

hithere

today all indice may close at day low

Roubini

Need volume to confirm the head-shoulder break down. JMHO.