godoftrading
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- Jan 3, 2008
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I see no good reason to buy stocks at these levels at this time. The market rarely gives people an easy way out. What idiot would buy the market when Dow is at 12,800, S&P at 1400? Overhead resistance is immense.
I don't see any let up till you test the lows and give people false hope that there was a successful retest. That false hope and rally should last maybe 2 days and then more selling. It is going to be relentless. Remember 2001, this is almost a repeat.
I don't see any let up till you test the lows and give people false hope that there was a successful retest. That false hope and rally should last maybe 2 days and then more selling. It is going to be relentless. Remember 2001, this is almost a repeat.
