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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (1233)	7/2/2008 8:05:42 PM
From: AllansAlias	Read Replies (1) \| Respond to of 3209

Yes, I did not say it explicitly in my chart this morning, but the non-alternate was a wee bounce and another low. a) the overhead resistance and b)the trend There is a lot of the first. The second just is. As always in these case where it is all "on the brink", it usually bounces. Still, I have, and have had, a lot of respect for the down side risk here. I am flat for now and am actually thinking about the next trade being a long for a bounce into a short. I'd surely love to see some capitulation finally. Funny how folks hang on to stuff -- like no new low yet in SPX -- as if that is not going to happen. We are seeing some bearishness now -- finally. Still, just watch how it reverses on a rally in the coming weeks. This is a chance in stance to a more firm position: I think we are doing "big C" Bob.