- USA TRADERS THREAD -

What a load of sh-t...Thin volume...its always money day when a market is open...so big players are not interested at this time of year.....of course they are if there is money to be made..as for the 105 point drop, arse as well it fell 156 points in its intra day....As for money has to go somewhere right, the DOW is DOWN on the year to date and money will go elsewhere like Austrailia Japan, China, Germany even the FTSE (16% up) all look better

Stick my neck out...NO the DOW will not see 11000 this year... It will break below 10750 then down to 10400 just as a start... Housing and the consumer are knackered Stateside...they keep quoting figures for prices going up and turnover in retail but its all discounted like it is in the UK..Its whats SOLD and what price margin you have achieved that matters....cost cutting mergers et al cannot go on for ever to fudge the books with the FED messing about in the yield curve.. Make some medium term money and get the March and June contracts sold then come back at me on the 17th of March and June and see what we have for even a small punt at £10 a point on each from todays close, let alone from the 920/30 (DOW day figures) that I have sold and many others have done.... It may stab at the top of the range 10900 but I would be well suprised at that.. Last years jan sell off caught loads still asleep, it looks like it will do again ......its already started.... Good luck and regards Rags...