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


To: William H Huebl who wrote (70767)5/2/2005 8:18:02 PM
From: Real Man  Read Replies (1) | Respond to of 94695
 
You forgot the "plunge" option. I think the probability of
that is also quite high -g- We are slightly below resistance
(downtrend line) now for DOW, NAS, and SP, and are now
overbought on ST charts, and no longer oversold on the
daily charts.

Until the trend line resistance is broken on this move up,
I'm staying bearish, even intermediate term bearish. The trend
is your friend. -g- If it gets broken tomorrow, the
intermediate term trend is turning up, and shorts should be
covered. Somehow I think there will be a war between bulls and
bears over this one.