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


To: Real Man who wrote (80156)6/25/2008 7:54:25 AM
From: William H Huebl  Read Replies (1) | Respond to of 94695
 
Hi everyone... looks like things are setting up for a head-and-shoulders pattern after the indecision yesterday.

One of my most reliable long term indicators, the 144 ema vs 200 sma of the DOW 30 industrials went negative at the beginning of the hear and I notice the 200 sma has yet to be breached substantially.

BWDIK?



To: Real Man who wrote (80156)6/25/2008 8:40:10 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 94695
 
Yes, exactly... and the market is now poised in a very over sold condition for a nice rally... this could last as long as the end of next week, into the 4th of July weekend, and then it's back to business as usual, lower markets from there... at least, that's how I see it... I plan to find another great shorting opportunity into this coming rally...<g>

GZ