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Strategies & Market Trends : Ask DrBob
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From: shadows7/31/2008 3:54:45 PM
   of 100058
 
Strange that the SnP has failed to take out 1284.95 resistance on a closing basis the whole month of July!Staying short for a 1170ish capitulation trade next week.
On the "Muppet Show"(CNBC) today we had Paulson,Cox,Greenspan and Pimco's McCulley,and down went the markets-its just such a great trade.But seriously,it also reveals the degree of concern out there about the health of the financial system.IMHO, without" the full faith and credit of the taxpayer" it is bust!
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