Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 691.88

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Jan 30 4:00 PM EST

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To: fred woodall who wrote (6516)	7/1/2010 11:23:11 AM
From: Real Man	1 Recommendation Read Replies (3) of 222689

The whole rally from 2009 lows was with no real buyers. The machines working on Fed liquidity were it. What I am trying to say, yes, we should bounce, but don't count on that rally. Specifically, the machines could sell these markets super fast in the absense of real buyers, because the oxygen flow was cut in April. I think Don is looking at 1005 level to provide containment of this selling, but it also could be quite a bit lower. 1K is indeed support, as a round number -g- Subject 52296

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