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koolblue
Rep: 48,651
Posts: 16,032
mAN, EVERYTIME I THINK IVE SEEN IT ALL, THIS MARKET UP AND SURPRISES ME!...COVERING 1026
KO
koolblue
Rep: 48,651
Posts: 16,032
im looking at 1060, and 1101-1107 longer term to contain this market. The expected low was apparently fri. (off by 2 days ). On my daily work i seem to continually be off by 2 days. IN sept., i thought the low would be the 15-16th and it hit on the 18th. Again off by 2 days here. So any future 'predictions ' on the longer term from me, you might want to keep that in mind! The long awaited rally is upon us but i expect it to be relativly short lived and fully expect a decline to test the low again at some point. Unfortunately , none of the govt. actions so far are going to instantly restore confidence to the banking system overnite! Might want to keep that in mind.
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CharterJoe
Rep: 4,475
Posts: 2,352
Markets heading for those gaps at 1100. LOL the news media thinks the market tanked because of econ reasons it turned on a dime when it filled that gap at 840 thats what it was...Never fails though when the media has all of Americans with mortgages living in cars within 6 months and 100% bank collapsing, and housing is never going to turn around......its seriously time to buy.
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CharterJoe
Rep: 4,475
Posts: 2,352
Just like in 2006 when all thought that housing was on fire and was going to last forever. I am for the first time understanding this Morgan, Buffet, Rockafeller mentality, to bad I don't have a billion $.