Dow Next Stop 6000 !!!

2/21/09

To fellow blog readers:

I call it the historical, incredible shrinking Dow tanking since December 2007.

12800 (My official level to determine Dow has finally gone into Bear Market Territory)
10800
8800
7450-7550(Last November Low Area)
7250-7350(Last friday trading day low zone area)
12800 down drain to 7250(So far I saved you 5550 points decline that lose your $$$, yes you if you started to read my blog from beginning)

Next Stop 6,000 ??!

Very Very Sadly, I believe that is quite possible. And I even believe it may go to 4000s area if stimulus plan does not work at all. The government only knows printing trillions of dollars at our economic woes, but all their desperation is doing nothing to truly solve the root of current problems.
So the stock market is headed for another rough road ahead. Rallies may briefly raises false hopes. But reality will kill them again and again and again.
Remember when Dow was traded above 10000 almost every Wall Street experts has called:
"That's the bottom!" (when Dow 10000)
"No, that's the bottom!!" (when Dow 9000)
"Now this is is finally finally th....e bottom..!!!!" (when Dow 7500 last November)

They have been wrong, wrong and wrong, and I have been right, over, over and over again.
Enough of brag myself here. I just want to re-emphasis how important to trade or invest stock market with perspective of technical analysis. This is one and only one knowledge essential to make profit in stock market or any securities.