Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Qualified Opinion who wrote (78112)	12/7/2007 12:52:58 PM
From: Real Man	Read Replies (1) of 94695

Thanks! I'm not expecting a drastic decline, a re-test of the break of an important level since we are very overbought. However, if we DO break back under 1490, then the game enters a different ballpark. It's best to get long there, while we are above. -g- The tape does look a bit like a ladder - take it higher fast, then flattish for infinite limit bid support, so I don't know if bearish bets are warranted at all. That would be a normal market reaction. This market is anything but normal, the ladder thing is how PPT operates. -g- But... these are some good levels. -g- I'm covering when we get to 1490, if we do, then back on the long side. -g-

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