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To: MythMan who wrote (340131)	8/8/2007 11:49:54 AM
From: Real Man	Respond to of 436258

Geez, MM, there are no reliable signals in dis Mkt, not even contra-PS. If dis is a bear, then he may be right. If not, then PS is wrong -g- By the way, his 1426 was pretty close to da bottom. Da key is to run and hide if da market goes against ya. -g- But yeah, da rally has a chance to stall at these levels, but nobody can offer more than a chance -ggg- I would not buy dips in dis market under a gun, cause of da swings. It's da quick and da dead type of market. Too late now - go ahead buy da calls and be dead -g- I hold my krash poots, though - they are free, and who knows where we go when da market straightens its path at dis speed -ggg-

To: MythMan who wrote (340131)	8/8/2007 11:53:49 AM
From: NucTrader	Respond to of 436258

Think POKERSAM said 1491 on SPX was 0.5 retrace and 1505 0.618 retrace in terms of resistance. Guess he felt since 1491 had been penetrated, he'd raise resistance to the 0.618. I'd be happier with a CLOSE at above those resistance levels, rather than merely penetrating them intraday before getting too bullish? Think Curly said it best: "Day's not over yet..."