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Strategies & Market Trends : The coming US dollar crisis
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To: ggersh who wrote (20084)4/29/2009 3:53:57 PM
From: LTK007  Read Replies (1) of 71403
 
i don't have my darts and dart board up right now(VBG:).
i will just say if market burst upward out the FlatHead Ascending Triangle, odds swing significantly to it won't happen soon.
The trend is STILL banging to break out upwards, when we hit 879 today, we hit a level not seen since 1/12/2009.

Now you know all about my ECCENTRIC HAL, so keeping that in mind. HAL's key support resistances are on its' daily chart be.

Key SPX supports now are 819 and key resistance 887(this is change from the last time i quoted HAL)

But after 887, they give minor reistance at 904, and MAJOR resistance at 955.

i estimate a 955 would put the trailing P/E AT LEAST 70-1--(utterly psychotic, and i mean that--UTTERLY PSTCHOTIC---it would mean market is maxing out to SURREAL LEVELS DEMENTIA--i am serious.) Max
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