Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Paxb2u who wrote (78396)	1/7/2008 4:13:05 PM
From: Real Man	Read Replies (2) of 94695

I just looked at some GZ technicals, and it looks like we may see a considerable bounce at 1404, maybe even 30-50 points, but the main trend is still down. So, I'll be in limbo - neutral. The bounce is due to support at March highs (DOW) and Summer/November lows. The rally may not last this time. On the other hand, if we break this barrier now after a small bounce, which is also possible, it will not be pretty, and we could be on the way to 1350/12K fast. I'm not sure what this market intends to do, but stuff seems to indicate some bounce, then a much bigger tank. <G>

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