Thursday, September 16, 2010

Dow, Now Where Is That Brick Wall?

We pick up where we left off...
So far, we are right on target. As the market has fluctuated around the 10,000 level. If this target holds, and there is no reason to believe that it won't, we should have some major stock rumblings in very short order here.

The Dow closed up 255 points, a major move indeed and it could fulfill the ramp job I was talking about, just from a much higher position. For now, I laugh at your pathetic little jump as stocks are now massively overbought and have that much higher from which to plunge!
Stock rumblings indeed. The very morning I posted that the Dow jumped 255 points and since then has gained 558 points or a 82% retrace from the August 9th high of 10,698 on declining volume. It seems we may have already gotten our ramp job and now we are going to plunge. Even though the HFT algo market masters are desperate to not let this end, I smell death here.

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