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


To: blitzfund who wrote (74647)2/22/2007 9:31:40 PM
From: GROUND ZERO™  Respond to of 94695
 
The rally is getting tired, I think... I will likely be short tomorrow again...

GZ



To: blitzfund who wrote (74647)2/23/2007 9:29:57 AM
From: GROUND ZERO™  Respond to of 94695
 
Short again at 1458.50... (gulp)...

GZ



To: blitzfund who wrote (74647)2/23/2007 9:49:38 AM
From: GROUND ZERO™  Read Replies (2) | Respond to of 94695
 
The selling has begun... a close today below the 1457.40 level in the March SP's will be a confirmed sell signal, at least for the near term, I'm not at all suggesting any serious top, just a trading cycle to lower levels before the next rally...

Of course, a rally this afternoon would nullify the signal, but it appears this would be difficult for the bulls to launch now that the momentum has turned against them this morning...

GZ