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Strategies & Market Trends : SiliconInvestor All Stars Forum

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To: SouthFloridaGuy who wrote (1585)	1/9/2008 5:25:06 AM
From: Mike Johnston	Read Replies (1) of 1718

Will the Fed make make the final stand right here, with some kind of action ? A pop in the SP500 to 1450 due to a surprise cut, would be a great and final chance to get short. I would then expect a final test of 1375 followed by a small bounce, then a breakdown and a waterfall decline to 1300 which would mark the bottom. IMO the drop to 1300 would be a massive liquidation, but it would be a bear trap. The market would retake 1375 in a couple of months and never look back as the CB's engage in epic and unprecedented reflation efforts including covert unconventional methods. Gold is just getting started.

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