Wednesday, August 10, 2011

There is just no support at these prices....

Other than some "announcement"- There is no reason why The Dow should not go down near 10,000 or even 9600. That is another 800 points from here. We will be waiting. It would be foolish for The Fed to waste a bullet in this technical "No Man's Land". One has to ask themselves- Why would anyone want to own stocks right now?

It is ugly out there folks. The Meat Grinder is chewing up some hedge funds right now and there may be margin calls coming that would put a lot of pressure on the selling side.

Check emails for target points....