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


To: Grandk who wrote (78814)1/21/2008 7:22:23 PM
From: Paul Kern  Read Replies (2) | Respond to of 94695
 
1219 then bounce then down to 1168. From there we go to new ATH. <g>

We gotta bounce off something at some point. Then, the best scenario is we hang around in a tight range with moderate volume for a month or two while that asshole Pisani dances around the floor screaming "It's a buyers strike,"

The next sma of interest is the 48 month at 1288.58. We passed through that in the summer of '04 but since nothing has held since we passed through the 50 day on the way down, who knows?

We hit 775.68 in the summer of '02 so add an inflation fudge factor to make it nine hundred and something and that could be the lower limit.

Remember: Nobody knows nuttin'.

Note to GZ: These are only observations.