DocthaRoc (December 31, 1969 at 6:59 pm)

Hey Brain, Do you think it's possible the market price action is consolidating here only to test the all-time highs. I think a sharp rally would cause the greatest pain.

mujeebyzai (December 31, 1969 at 6:59 pm)

Thanks again. Great analysis.

siman321 (December 31, 1969 at 6:59 pm)

BTW Thanks again Brian! And thanks to anyone who answers my question in 500 characters or less. :)

siman321 (December 31, 1969 at 6:59 pm)

If you ignore futures contracts, and if everyone sells in a market and no one buys theoretically everyone loses all their money. Is this correct? Is there a difference now with futures contracts and the ability to sell short giving the possibility to make money in a falling market as opposed to say in 1929 when I'm guessing futures contracts were not available. Does this "shore up" the market by allowing sellers to become buyers in the event of a sudden decline?

try546 (December 31, 1969 at 6:59 pm)

Thank you for a dedicated insight Brian! I absolutely agree with you as far as levels of support and resistance concerned.