Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (74606)	2/16/2007 9:19:39 AM
From: Terry Whitman	Read Replies (1) of 94695

Speaking of reversal to the mean: Ord is beating the Bear drum pretty hard: traders-talk.com >In ten years the SPX only once has seen a market up seven months in a row. (which is the current rally phase). Can the market advance 8 months in a row, maybe, but the market is very extended and is like stretching a rubber band to the max. The next decline will start and will start soon. The next decline will correct the rally phase that started from the 2002 low and will be the biggest correction that has been seen from the 2002 bottom We are short the $SPX at 1381.95. Our longer term target on the SPX is the 1140 range.<

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