Indices Live Charts

rodhull
8 Nov '08

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ramborai
20 Nov '08

hi rodhull, dow is kissing the 8000 levels again which has been the resistance barrier for a while. If i can remember it is inline with with 200 month moving average also. If we see a clear breakdown from these levels we could see dow 7000 quite easily, maybe even a huge capitulation further. We've got the catalyst which is the autos. I read a report somewhere that auto's make 1 in 10 jobs in the US!, if the congress do prop these up to make a product which is not viable in current times i think the market will still capitulate as the cash will be burned through quite quicky! ftse 3000 here we come lol!

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