Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jitka who wrote (87109)	4/9/2009 11:34:00 AM
From: GROUND ZERO™	Read Replies (1) of 94695

Thanks... yes, I think these markets are going much higher, but we're now overbought near term... the main thing here is that the market is now behaving like a bull market, so it can remain overbought and still move higher... I agree with Vi, I think the bear market low is already in place... I'm still on a buy signal from a few weeks ago and I have no sell signal anywhere in sight... for the SP's, the next overhead resistance I have is at 858.20 basis the June futures contract, give or take a few ticks... but I also expect these markets to move above that level after yet another 30 to 50 point pull back from there... it's just a suggestion here, you could buy lightly and just add on any pull back... I think the next legitimate top of any significance may be around SP 1074ish, provided we actually get up there, that's just above the 200 DMA... GZ

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next