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

To: Gersh Avery who wrote (77031)	10/12/2007 8:00:26 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

OK, I'll play the role of GZ here, wherever he disappeared. He was supposed to go on a cruise. It's actually 1571 cash, and the time is not for another month, but its a cautious price level. As we reached that on Thursday, we have seen some quick tanking. Now the bottom support for the current UP move is all the way down at 1403, but it's gonna be 1415 next week, which is better -ggg- So, some caution is well warranted at current levels, some sellin' is well justified - gosh, not the BK type. I said SOME. 30, 40 points for a quickie -g- It's kind of tough to plot where to exit the trade at this point -g-

To: Gersh Avery who wrote (77031)	10/12/2007 8:23:28 PM
From: Real Man	Respond to of 94695

But I can try... stop losses (for SP shorts) Mon. 1575.46 Tue. 1574.78 Wed. 1574.08 Thu. 1573.33 Fri. 1572.55 The new big thing has 1266.18 in about 4 months, but that won't be active until we break 1415, and it's usually wrong on such length scales anyho. One can use it as a stop thou. If we krash, that would be the natural support -g- If we try a more precise small thing at this point, it gives the price of 1587.15 in 12 days. Sell signals for next week: below Mon. 1553.84 Tue. 1554.23 Wed. 1554.97 Thu. 1556.08 Fri. 1557.60