Market Watch

[Joemoney]

thrifty, I think that is an interesting chart.

The support line that hoovers around 1393 is pretty much a double bottomed support line. For such a long term chart like this, I think it would be very difficult to break below that level. Unless something like 9/11 happens again, I don't see it falling below that mark. If something like that should happen, I would start to worry.

I also think that lower support line is inaccurate and there are several places where it could be drawn, but you never know. At worst (at this moment), I would watch out for the market to bounce off that bottom support line again. I believe that is the worst case scenario, given that no disaster would occur.

Don't yell at me if you don't like what you see. Just give me an opinion (if you have one) with out the third degree please.

LOL!!