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Strategies & Market Trends : Waiting for the big Kahuna

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To: Real Man who wrote (88727)	7/13/2009 6:13:36 PM
From: GROUND ZERO™	Read Replies (1) of 94695

Vi, I have to agree with you... for the last few days I've been looking at the chart and it looks very positive, it's not going down like it would if it were a bear market... this shallow sideways to lower movement is very bullish... also, this head and shoulder thing that EVERYONE is looking at, the short side of this market has become a very crowded trade... all in all, with these markets retracing to their 200 moving averages, I suspect this last week of selling may well be a bear trap... I also am long FXI and RSX, and I'm also long the SP's as well, also XLF, crude oil, and gold... that pretty much rounds out my portfolio... The model is operating on a sell signal from early last week, but we're now already approaching a possible buy signal very soon, I don't know how much downside there really is left in this market... we'll know better as this week progresses...<g> GZ

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