dow closes down over 650 points

I love how you only post threads like this on big down days. Somehow you forget to do so on the big upswings.

You realize we have been in a trading range for the past couple of months?
 
There were 5 straight days of increases, so this isn't so bad; there was some bad news this morning that hurt.

Or, if you're reporting this from Dixieland, investors who were initially so dismayed by Obama's election went on a holiday drinking binge & got back into the market for the past week, and then remembered today, in a hungover moment of clarity, that Obama is still the President-elect, so they panicked & sold again.
 
Look for more selling to continue. We are going to erase all those gains from the last 5 trading sessions and going to hit another low. I'm guessing 6,400-6,800 before another rally.
 
DigitalDave said:
Look for more selling to continue. We are going to erase all those gains from the last 5 trading sessions and going to hit another low. I'm guessing 6,400-6,800 before another rally.
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If we break the last two techincal barriers... 7480 and 7200, we are going down to around 5k.
 
Superfreak said:
except you said that it would occur before we had another rally. That was not the case, so..... you LOSE. ;)
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No... I was right.. it was 6400-6800 before we had another rally :) I didn't say which rally! (*nevermind the fact you knew what i meant the first time, I'm still right butthole!)
 
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