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


To: Real Man who wrote (78178)12/13/2007 9:45:58 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 94695
 
Sounds reasonable, thanks, the 12700 looks like it's a sitting duck right now... I took a short in the March about 4 hours ago at 1497.50, posted elsewhere, if I don't get stopped out I'll just sit on this one and add if/when I get that sell signal, with the way these markets have been behaving, I have to believe that any rally will now be sold...<g>

GZ



To: Real Man who wrote (78178)12/13/2007 12:33:08 PM
From: Paxb2u  Read Replies (1) | Respond to of 94695
 
Vi,

Agree with the 12,700-750 support(approx lows of Aug and Nov(not counting Aug low reversal day)and breakout point in April), after that maybe a little support @ 12,000 which was approximate low in Feb. Then there is no support until 10,750.

However, there is a lot more effort(FED etc) trying to prevent this from happening than I've ever seen. Thats why I thought GZ's bullish signals were spot on. Its beginning to look like the FED and everyone else is getting scared. Just think, our currency structure is at risk. We have no assets (including manufacturing capabilities)to back up the currency. All we do as a nation, is consume (and its other peoples assets we consume) Peace