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

To: Real Man who wrote (80349)	7/7/2008 9:24:46 AM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 94695

We rally from here, maybe to 1300 (give or take), and then another sell off to test these recent lows... my guess is that we'll take out these lows, and then a more extended rally again... just my guess...<g> GZ

To: Real Man who wrote (80349)	7/7/2008 9:30:30 AM
From: Kailash	Respond to of 94695

July 7 (Bloomberg) -- Merrill Lynch & Co., the third-largest U.S. securities firm, may report a second-quarter loss of $3.95 a share after $6 billion of writedowns, mostly for high-grade collateralized debt obligations, Citigroup Inc. analysts said. So we gap up. Supposedly because "Lower energy prices and a stronger dollar have lifted the mood a bit on Wall Street," as if traders were suddenly wearing their heart on a sleeve. Instead of inconventient truths, Wall Street reporting is full of convenient fictions. I'm staying short -- in fact a gap up to me increases the chances we'll end on a very low note today -- but if we end up, I'll increase the short. Ah, to read the mind of a spoo -- loves me, loves me not... K