Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (88980)	7/22/2009 8:22:16 PM
From: Real Man	Read Replies (1) of 94695

The action is toppy, and there are 3 strong resistance levels - one right here at 955, one at 978, one at 1K. But I agree, shorting is too risky at this time. I would not be long though as the risk of a reversal is high around here. Low risk short needs a confirmation, such as taking out July low. And the big shpiral gave a sell, uncorrected for tomorrow. Corrected the time is some time this week, depends. Of course, there is a bullish one now too. 1K is the wall <G>

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