what do you guys think? it seems like there are buyers at that level. each time it reaches there, the bounce is violent (500 - 800 points in a matter of a few hours). Reminds me of the 11,000 level earlier this year. Kept bouncing and when it broke it was gone. But in this case, the bounce is pretty strong. I’m still predicting sideway trading between 8000 and 10000 for the next 2 quarters.
no offense, but that isnt much of a prediction… it has been trending b/t 8000 and 10000