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


To: GROUND ZERO™ who wrote (76349)8/4/2007 7:18:05 PM
From: Gersh Avery  Read Replies (1) | Respond to of 94695
 
LOL ..

I'm not sure if the 3day pattern will show this time.

Those patterns run in response to conditions that would trigger a Don Sew class buy or sell. These take place just after a major top or bottom. We've already had a nice three day pattern week of 7/23-27 (down up down) as the INDU got kicked back from 14k.

So the probability of another same pattern is lower than it was off the top.

Anyway .. second half is being held back in case another sotra-wave hits again.

It was nice to be able to catch a -300 point day to grab some end of day prices.



To: GROUND ZERO™ who wrote (76349)8/4/2007 8:03:19 PM
From: Walkbarr  Read Replies (1) | Respond to of 94695
 
Pass the shrimp and The SCOTCH PLEASE......



To: GROUND ZERO™ who wrote (76349)8/4/2007 8:06:29 PM
From: Walkbarr  Respond to of 94695
 
Pass the shrimp and The SCOTCH PLEASE......



To: GROUND ZERO™ who wrote (76349)8/6/2007 11:17:40 PM
From: Gersh Avery  Read Replies (1) | Respond to of 94695
 
I think the puffer fish wasn't properly cooked <!!!!!>

A stronger day than I would expect for a flat to slightly up day ...

While I don't think we'll see a retrace of todays gains tomorrow, I still expect to see some movement down .. ~50-60 INDU points. Maybe 9-10 SPX points.

If we exceed that, to the downside, all bets are off.
However, if we close above -60 on the INDU or -10 SPX points, then I'll be trading for a bull market.

Nice volume day (today) ..

(watch this be the last post for the month <g>)