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Message from discussion Dow 13,000?
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Kailyn Leto  
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 More options Apr 8 2008, 6:34 am
From: Kailyn Leto <katiealco...@gmail.com>
Date: Tue, 8 Apr 2008 03:34:33 -0700 (PDT)
Local: Tues, Apr 8 2008 6:34 am
Subject: Dow 13,000?
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It's been a couple weeks since I last posted here, I think.  Anyway,
to the crux of what I came here to say.

I believe, provided that the current trend continue, that we could
crack 13,000, at least briefly.  If earnings are REALLY bad, I am led
to believe we could stay right in this stupid trading range.  2004
anyone?

My current feeling is that we will bottom out around Dow 10,800, if
11,700 were not the bottom, and it very well may have been.  But
assuming it were not, I have to go with 10,800 at least for now,
because something's STILL telling me we need to bottom out in the
neighborhood of 22.5%-23% from the all-time closing highs, though I
believe intraday we could touch 25% briefly.

But in order for this to happen, our economic situation must worse
than the street believes it to be.

That's all I have for now.  Happy Tuesday.

Allyn


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