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To: prolifefirst

It looks like Monday was a classic bear market rally.

Tomorrow could be even worse than today.

We might even see the DOW down 1000 tomorrow.

Watch these DOW monthly low levels for a possible bounce:

9/98 7401.07 This one could be hit this week.
10/02 7197.49

Tomorrow see if the 9/01 monthly low of 8062.34 is breached, because that level was already tested last Friday.

If it breaks that level tomorrow, then, the two previously mentioned numbers will more than likely come into play.

JMHO


30 posted on 10/15/2008 2:30:56 PM PDT by waus
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To: waus

Puhleeze.... Read the playbook.

Tonight’s Obama debate win will just reinforce the public that Obama can be trusted with the economy better then McCain can. The polls will reflect that.

The market will then go up 500 tomorrow and 500 on Friday.


35 posted on 10/15/2008 2:35:08 PM PDT by EQAndyBuzz (McCain/Palin 2008)
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To: waus
The DOW could have been much worse today. Bank stocks were kept afloat due to government plans to buy bank stocks. Most likely investors holding stocks in these banks saw an opportunity to sell their stocks to a government flush in cash and looking to buy. If not for this, the financials would have dragged the DOW further down. JMHO
39 posted on 10/15/2008 2:38:24 PM PDT by backtothestreets (My bologna has a first name, it's J-O-R-G-E)
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