Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (93068)	8/4/2011 6:44:38 AM
From: GROUND ZERO™	Read Replies (1) of 94695

I fully agree... I think if yesterday's low can hold for a day or two, then I think it is the bottom at least near term which could take these markets back up to their recent highs... it's important to watch it for the next two days... my 4 year chart shows the SP's hit a significant support area at yesterday's low... if that breaks, then it's going to continue lower... there's really not much to hold up these markets right now... so yesterday's low is the real line drawn in the sand, a close below that price will definitely be the kiss of death for this market... the only positive thing I can see is that everyone is so gloomy, yet an official buy signal is nowhere in sight, not even with strong binoculars... GZ

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