Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (75293)	4/18/2007 6:30:56 AM
From: Real Man	Read Replies (1) of 94695

I did, a short-term sell Yesterday at 1471 SP500, as it went above it. Today definitely on a sell for now. So, a brief selloff to about 1410-1420 is likely (1411 for Wednesday next week, 1420 for Friday), but we could go higher above 1510 still after that, well into mid-May. That high might happen around mid-May. However, if we do break 1400 now, then ... oops -g- I wonder who is buying all these puts. These put buyers could drive us to new highs.

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