The computers really want Dow 10,000 area. At this point, it would be very diffucult for anybody in their right mind not to cover their shorts. Until we get to that point or near that point , there just is no real support. The traders are going to sell any type of rally in here unless they feel it has legs. The AFG's are recommending to sell any rallies and the MSB's are hoping for Santa Ben to deliver presents from Jackson Hole. The interesting part is some and some AFG's are getting less bearish and some MSB's are getting more bearish. Either way- there is probably only about 900 more points on The Dow before this should be about done. Any federal action before these points would be wasting ammunition (they know that). Our guess is that THE BULLS will take control in September.
The Computer's want:
Gold to hit 2000
Dow to hit 10,000
The VIX to hit 60
Until these points- Nobody is happy.
