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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (58570)7/12/2002 1:23:50 AM
From: Real Man  Read Replies (2) of 94695
 
We'll see... Standard expiration meltup, any bounce above 1075 is a sell. I think the rally will stop and reverse at 1060 NDX, though. XAU should close between 75 and 80, which produces a limited downside from here, especially since there will be a swing below 75 in the morning. 105 is
central bank intervention support for the dollar. It never works in currency markets. PPT has certainly been very active. But currency markets are bigger than PPT. SPX should continue to crash.
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