Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Real Man who wrote (82414)	10/23/2008 7:10:31 PM
From: Cynic 2005	1 Recommendation Read Replies (1) of 94695

Re. equities... The question is, do we we rally with a successful retest or one final high volume shakeout to 2002 lows? Retest is done - today. Rally at the close is impressive. However, there is a bear-flag in SPY daily. finviz.com Looking at the last few days of trading, today there is a break below the trendline support of contracting triangle. And then at the close, there is a kiss of death to the same line, from underneath. stocktock.com What about Argentina default? What about Brazil problems? What about Korean currency problems? Can't be all clear for stocks to rally. Me thinks that we go mid 700s pretty quick.. What says you?

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