Thursday, February 5, 2009

Wearing me out...

If a bear market doesn't scare you out, it wears you out... Well it's working. I'm worn out. That crack, the snap, the final push down has been on the verge of coming for a month now. If it refuses to happen in the next couple of trading days we're just doing to rally from here. The end result will be the same as what I've been saying, we'll get to 10,000-11,000 on the Dow and then fall in a big way.

The expectation has been that there would be one final leg down first. The Dow is holding on to 8,000 as if it's life depends on it. The S&P is staying well above 800 and doesn't want to break below it. So, we'll just have to wait and see won't we?

I don't do patience very well... I prefer efficiency! Let's move on with it!

Can't wait to see what numbers the gov't releases for unemployment tomorrow.

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