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 (88087)	6/17/2009 8:26:10 PM
From: GROUND ZERO™	1 Recommendation Read Replies (3) of 94695

Maybe so, but I have plenty of reasons to buy here... first of all, yes, the model says down, but it also says that 907.50 is the first level for buyers, this is bullish, I expect to see a rally tomorrow... Secondly, the SP's returned to the 200 DMA and rallied, this is also bullish... Thirdly, the futures returned to the 200 DMA, this is bullish... Fourthly, the futures tested the late May breakout area, this is bullish... Fifthly, there is evidence of heavy herding behavior in the NYSE volume, this suggests that the selling has been exhausted, this is bullish... Sixthly, the NYSE advance/declines 5 DMA is also extremely over sold and has reached a buy zone, this is bullish... I could add at least another six or more technical reasons, but I think these will do for tonight... Hey, BTW, if stocks don't rally tomorrow, I didn't say any of the above...<g> GZ

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