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


To: Walkbarr who wrote (76400)8/7/2007 6:00:05 PM
From: Real Man  Read Replies (1) | Respond to of 94695
 
The speed of price is now reaching about 100 SP points per hr.
short term. This is a very dangerous market, IMHO. If it
straightens out to the downside, look out below. -g-



To: Walkbarr who wrote (76400)8/7/2007 10:03:57 PM
From: GROUND ZERO™  Respond to of 94695
 
I thought today's action was perfect, the late sell off was just what I was hoping for... all these 100 point DOW swings tell me there's lots of indecision, but I suspect it will eventually resolve to the upside once the nervous nellies are all shaken out... but, we'll know soon enough...

GZ™



To: Walkbarr who wrote (76400)8/7/2007 10:20:07 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 94695
 
We could still see a possible pull back to 1445.00 (at the absolute worst) or so, but my guess is that we will see new highs after this basing action is completed...

GZ™