RealMoney.com?
From RealMoney.com comes this excerpt:
“Oh, there is one other number to be on the lookout for. That of course is Dow 11,000. With all the hoopla likely to accompany a move to this level, we should see a pretty good pullback follow the first pop to or through this big round number. Ultimately, Dow 11,000 will likely be taken out. But I look for the first attempt to fail and to be followed by a tradeable decline. Wednesday’s high just shy of 10,951 may have been close enough for the moment. A quick 40-point pullback to the 10,910 level followed in the final hour, as apparently there were too many bets already placed on an imminent assault on Dow 11,000. Whether it happens this week or next, odds are good the much heralded pop through Dow 11,000 will happen. But I suspect that when it does, rather than being the sign of a new bull leg beginning, it will be the sign of the last buyer buying.”
What are you supposed to do with this commentary? This stuff is all over the web. What in the world is the purpose of it?
