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dpdoor (29.10)

Next Stop 10700?

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May 28, 2010 – Comments (3)

We got through all the bad news, the market is rebounding; it is doing the usual flutter but is rebounding. I still think the dow is not worth more then 9600 but that doesn't matter. The typical pattern would be a rebound about half way to the high. 10700 then down, the economy needs to actually be better by then or we will be in trouble. No government promises but actually people out buying stuff, then it wont crash. But 11,000 again? The market isn't worth it, business expanding will take profits and scare us. If we stay above 10 we are lucky.

3 Comments – Post Your Own

#1) On May 31, 2010 at 12:22 PM, dpdoor (29.10) wrote:

no crash around the world today.  What do you think about Tuesday for us?

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#2) On June 26, 2010 at 4:28 PM, dpdoor (29.10) wrote:

The market hit 10627 then went down to low 10100. I  have not missed any market highs or lows by more then 2% in the last 3 years.

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#3) On July 29, 2010 at 9:32 PM, dpdoor (29.10) wrote:

In another blog I predicted 10500 on july 23 2010, I missed it by one day. I said to sell at 10500 and so far it seems I am right. The Dow has not hit 10700 but it got close; that must mean it is still to come. 10750 would be 15pe on the Dow. I still believe in my 8800 and maybe a high of 10750. The next few weeks should be a dive. If we hit 8800 in 3 to 6 weeks that would be great. The faster it happens the better. The rebound would be awesome. At 10750 be sure to sell. 

I do believe long term inversing is not good. I ride the volatility but do not expect the Dow to be better in two years then it is now.

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