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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (5892)	8/10/2007 2:55:57 AM
From: SwingTrader2006	Respond to of 50726

Correction is just beginning... Oh my...are those head and shoulder tops I am seeing on some of the major indices as well as some of the "seeing eye dog" blue chips? I think they are. The Dow and Nasdaq have much further to fall before all the margined out longs finally yell "ENOUGH!!!" My advise? CASH IS A VERY STRONG POSITION FOLKS...MAKE NO MISTAKE ABOUT IT. Think Goldman et al can stop the inevitable? PUH-LEEEEZE. They have muscle, no doubt about it, but they ain't got THAT kind of muscle (yet). Don't look for GS or the "PPT" to save the day on this one. Washout is needed.....washout is healthy long term...washout is inevitable. I'll call a bottom around mid-October, then rally into end of the year. Dang nabbit...there I go again...giving my analytical opinion BEFORE the scenario plays out. What the F is wrong with me? Think garbage stocks like IPSU will be able to buck the trend of a powerful new downtrend in the markets? LOL. If you do, I gots a big 'ol nice red bridge to sell you in the city by the bay...I'll give you a good deal on it ;-)