Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: blitzfund who wrote (75723)	6/13/2007 10:23:50 AM
From: GROUND ZERO™	of 94695

That is correct... I covered all short positions because we hit the 1505ish level, that was the level where buying was anticipated to enter the market, and it appears to be the actual case here... but, today's rally could also be part of a recovery rally before new lows are once again made, I have no idea at this time... what I can say is this, that as long as we don't take out the highs made on 6/11 at 1531.50 the spiral model still considers this to be a down trend... obviously enough, since the 1505ish level has been reached, the would be nothing wrong with a more aggressive buy here, but I would need to see the recent high of this recovery rally taken out before I have any confirmation of a bottom... GZ™

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