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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: sandeep who wrote (58954)7/25/2002 3:02:11 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 94695
 
At most, for another few days, but I'm not going to take a long here, the trend is still down... I'll wait for this rally to run out of steam and re-enter my shorts... as long as the US Dollar remains weak, these markets are going lower..... BTW, if yesterday were really the bottom, and I doubt it, but if it were, then we would still have to come back and retest these levels, those V type bottoms are not that common... the longer it take to retest, the more likely it may be the bottom, I'm talking about a rally that comes back to retest in a few months... but if we see a retest within a week or so, then we'll be going lower... my plan is to watch how the markets react now that they took a stand at yesterday's lows...

GZ