FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

***Dow currently at 10200, a 200 point insurance plan on Dow 10,000... which it doesn't take an expert to realize that this level was clearly defended a month back as the Dow literally came within fractions of a point of breaking Dow 10,000...

Now I have a feeling that once this broken, it would be truly psychological to the markets. Those who thought the economy was strong or strengthening or that the jobs were coming back, etc. Basically anyone bullish would have to question such a bullish stance on the markets if such a pivotal level were to be broken after a "recovery" was pumped all over the financial networks and mass media, especially the psychology that started this rally and that is the Bush election. The Bush election triggered the recent rally into the recent high on the Dow which came in just shy of 11,000 back in March.

And intersetingly enough, a Dow break of 10,000 would see a new 52-week high less then 300 points below, so in other words, it would only take a further 3% decline to reach new 52-week highs on the Dow, something tells me, the Dow could roll-over quite fast under the right circumstances. Given the current bullish sentiment in the markets, it would not at all surprise me.

All year's ending in 5 as up years? Forget about it, that pumped up trend which led into a first day mass volume decline on big-time selling, is about to lead into something further...

Dow 1-year chart...


Perhaps the most interesting factor, of which I can't understand is the fact that the financial networks have numerously associated Bush with a "bullish" market, however, if one goes back in time, all of the broader markets are down since Bush was not only elected the first time but since his 2001 inauguration as well... thus, quite a conundrum has been created by the financial mass media and the actual facts of the market...