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

To: blitzfund who wrote (73964)11/9/2006 8:43:58 PM
From: Moominoid  Read Replies (1) | Respond to of 94695
 
My model went to short at today's close, but actually I was short from late yesterday and then more this morning (NQ and QQQQ - different accounts). The model is also saying that the overbought condition that this rally since July represented is easing. So this decline could be the beginning of a much longer decline.



To: blitzfund who wrote (73964)11/10/2006 4:25:28 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 94695
 
I suspect we may have seen the highs for a while... if we close below the 1375.10 level in December today, we could see another 30 point sell off in the SP's next week...

GZ


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