I guess we can all recalculate our DOW guesses now. 8000 was the resistance line on Friday. But I think this is looking more like a 5000 to 7000 market when it’s all said and done. The earnings season coming up is going to be a real heartbreaker and the unemployment figures will only solidify the logic that we’re headed into a depression. When that sinks into the market….look out below!! Over correction could take us into the 6000. I made a pile on puts last week. With this coming bounce I will be reloading for the xmas season. Oh, how I love this down turn!!!! Stevie Wonder coulda seen this one coming.
