Ask DrBob Message Board - Msg: 25239918

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Strategies & Market Trends : Ask DrBob

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From: shadows	12/9/2008 3:07:02 PM
	Read Replies (1) of 100058

SnP has rallied some 180 points from its lows.The chichi charts show a .618 retracement at 906.58,which is where I put the first sell order in(now hit).Will sell more at 930,950 and 1000 if needed cos they are levels too good too miss!This is likely to be another hugely volatile week,but the ? is "What is there to like about the market up here?" From next week on, however, the sellers will take this market down hard as the final frantic demand for cash from every kind of market player/investor overwhelms those hoping for a Santa rally! SnP to close the year between 650-700 on a "dash for cash before the crash"! Still see Oil trading well below $40 next year. JMHO!

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