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Strategies & Market Trends : Waiting for the big Kahuna

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To: Real Man who wrote (89353)8/5/2009 5:50:04 AM
From: GROUND ZERO™  Read Replies (1) of 94695
 
I wouldn't go home short today unless we closed below 979.60, or 996.30 for tomorrow, or 1018.50 on Friday... for Monday I would need a close below 1069.50, so the odds of this market accelerating its rally through Monday and closing above 1069.50 is not too likely although it would certainly be a pleasant surprise, therefore I would expect to see a sell signal triggered within the next day or so, most likely no later than Friday...<g>

GZ
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