Bags of Rocks!

Greetings and salutations!

I trust all are well as I am again moved to correspond with you good people regarding the life and times we find ourselves hopping around in. When we last came together back in January of this year, I would have never allowed myself to dream possible the level of sheer stupidity to which you tall, two-legged creatures have since fallen. I have witnessed gatherings of rocks that have shown more intellect than that displayed during the last six months by humans in general and Americans in particular. (yes, rocks do gather from time to time as do pine cones, marbles etc.)


I am too old and cranky to even BEGIN to pontificate on the silly movements carried out recently by your elected leaders in trying to undo that which has already been done. I will simply attempt to point out a few signs to watch out for in the coming weeks and months for any wishing to begin to work their way back into the League of Creatures trying to look after themselves. As opposed to the majority view currently in fashion where the chickens are all dancing for joy now that the foxes have all agreed to protect the hen houses and all of their inhabitants. Can you say tree stumps?



Last we spoke, I stated that 8108 would be the critical holding mark for the Dow and that 7422 would be the next level of concern after that. The market played with the 8108 number for twelve days before finally giving up the fight and breaking down on February 10, 2009. It was only seven more days before the Dow hit the floor of 7422. Here the crowd attempted to muster some support but gave way to complete failure four days later on its way to the final low of the move down on March 6, 2009 at 6469.95.

Once again proving that we rabbits were far more gifted at playing this silly game than you tall ones, I felt no desire in sharing any additional knowledge. Not because I wanted to keep you folks in the dark but because you all had became dumber than dirt since the election of your leaders at the end of last year. Any further effort on my part would have been "pissing in the wind" as Mr. Owl likes to say from time to time.

Alas, I am kind and considerate as well as strikingly good looking. I have listened as you have begged, pleaded with and bribed Ol' Ebenezer. (to Debbie in Dallas: yes August 18 and 19 will work well for me. See U Soon!)

So I will again reach out to those wanting some guidance. But we should all hope and pray that the wind doesn't shift on us again getting us soaked with our own spit, so to speak!

The Dow is currently around 8540. Earlier in the day we teased with the new magic level of 8783. This will be our main cornerstone for the time being. Any movement above will be considered strong and a continuation of the bounce off of the lows set back in March. Should the market remain below this number however, we here at bunny central will expect the Dow to retest lows from the past 60 days.

It's that simple. Please keep those cards and letters coming. I will respond to any and all request.
Just remember, get out of the bag!

Sincerely,

E. Rabbit