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 (88988)	7/23/2009 4:44:08 AM
From: Real Man	Read Replies (1) of 94695

The current trend since May is called a "range", and we are at the top of it. We could break out. So, one can either slam a short on with a stop, with a risk of being taken out, or wait for a breakout or breakdown. The couple of acting signals are also in confusion, but the long term one is out of time. Investment wise Spoos are not worth it at current price and the state of the economy, but they might keep running up on printed money. Not having any long position, not having a short, but watching for a potential reversal at the top of the range -g-

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