Traders Cooperative

[opnion]

Well we should see today, I would have to think that there is at least a thousand point bounce off of the 7200-7400 area. But then one can go broke on a constant drip drip drip as you say, maybe I have the wrong read on it but the internals aren't confirming the drop so maybe this time is different. I will say that any break and hold below 7400 area for a few weeks to a month puts much lower prices within the target. Should that area fail then we violate the up trend-line started in 1933 from the ultimate low started in 1929. Did you know that the low of 1932 was in fact a cover of the 1903 naked bottom? g