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TheInvisibleHand ™

01/14/09 4:20 PM

#7136 RE: WallStreetRaiders #7109

Ugly day like mentioned other day 8200 area test and support below. Ok will be traveling all day Thurs good luck all.

There is no volume in this market, So technical's less effective and create more whipsaws. This was the same author last time who was calling for dow 6500 when we sat our previous bottom 7500, well the market ran to 9000 and this author was wrong. He also is short sighted and looking for a double bottom here, what if this 7500 bottom was a double bottom from 87 or a year before.

I still think we bottom much higher then that 7500 level. Some real support from here to there.