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


To: Real Man who wrote (79154)1/25/2008 2:23:26 PM
From: GROUND ZERO™  Read Replies (3) | Respond to of 94695
 
I agree... BTW, I closed out my longs at 1336.00, a bit late in the day, but I decided not to hold the contracts against my written 1360 calls... and I also bought back those calls, so now I'm flat...

Something to consider, that this is indeed a bear market and the lows may break... this week has a lower high and lower low, the only way to break this negative weekly pattern is to rally next week and take out today's high, that would probably be the buy signal, maybe around mid week next week, we'll see, otherwise the BK will resume...<g>

GZ



To: Real Man who wrote (79154)1/25/2008 3:26:08 PM
From: Qualified Opinion  Respond to of 94695
 
Global ocean of liquidity in a declining interest rate environment. Money has to be invested somewhere.