Cadaver's picks Message Board

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Strategies & Market Trends : Cadaver's picks

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From: Cadaver	6/26/2007 4:53:22 PM
	of 43

SPY has suffered serious technical damage. It has made a lower low after a lower high -- double top. This generally means short term change in direction. Not surprising, since markets average about 11%/year. The last 12 months have been especially good. Also summer months are bad for the market. I expect a modest recovery which will lead to selling into strength. This may go on for a while until SPY/QQQQ/DIA hit thier WEEKLY 20EMAS and possibly 50EMAs Strategy: If you are not into shorting, this is a good time to buy puts. I will post my option plays here. Even during market downturns, there will be some weeks of upward movement, and we will see some stock plays as well. My screeners dont do well in a down market as well as upmarkets, but we should find fewer but better stocks. -Cadaver

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