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

To: GROUND ZERO™ who wrote (80229)	6/29/2008 3:47:37 AM
From: Kailash	Read Replies (1) \| Respond to of 94695

Taking out the March lows before we bounce is the least we can expect -- there's a real possibility of a precipitous drop later this week, perhaps culminating in a poor employment report on Thursday, down another 100 points from here, fast and brutal, generating some real fear. Then a powerful bounce that lasts for a few weeks. Any historical data on the 4th of July? Could it stave the drop off until Monday? Kailash

To: GROUND ZERO™ who wrote (80229)	6/30/2008 3:01:01 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

Here is a tech/banks ratio. Hedge funds still hide in big tech, while shorting banks. I wonder if they are overdue for some serious slapping. In other words, banks (traded on NYSE, so having big influence on NYSE McClellan oscillator) having an oversold bounce, while qqqq coming down significantly? Either that, or a more speedy crash of the tech than the banks, like in January. This market seems imbalanced, with parts of the markets showing extreme bullish exuberance, other important parts (the financials!) crashing. They say financials lead, or used to -g- We'll see.