Discussion of Housing Bubble, US Dollar, Debt, Trade Deficit, Oil, Gold, Consumer Spending, Central Banks, Inflation, Outsourcing and the Bleak Future of the US economy
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Monday, November 17, 2008
I think it's quite possible we'll see the 7,773 resistance level taken out this week - followed by a test of 7,200 shortly thereafter.
Once 7,200 is broken, 6,400 (last seen in 1997) will become the next test.