SwingTrade Member Forum

[BuzzOnDaBeach]

You know what really drives me crazy? I've seen moments of one day "fear", but no real panic selling taking over with a big capitulation day. The brief rallies we've seen over the past few months are typical snap back bear market rallies, but the move down has just been a grind. That opens the possibility for some real fear to finally set in, and capitulation to the 9,800 - 10,200 level. Not a high probability yet, but possible. I watch the S&P a lot more closely than the dow, and 1050 isn't out of the realm of possibility, which would put the dow around 10k.

All of that said, I think it's more likely we see an impact low of 10,8 to 10,6, then a rally back to the 12K area.

Buzz