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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (132001)	9/28/2008 6:30:56 PM
From: rubbersoul	Read Replies (3) \| Respond to of 312318

da chief sees 40 oil and 2000 gold. He's got me thinking about that one.

To: loantech who wrote (132001)	9/29/2008 8:28:43 PM
From: gregor_us	Read Replies (2) \| Respond to of 312318

Looks like David Bensimon was very wrong. It's obvious from his TA perspective that the SPX could not fall below the 50% retrace of the entire advance from the the 02/03 lows. His 1170 was a hard target. Like many, even though he uses some fundamental analysis, he has likely missed that a credit crunch in the banking system is lethal. Much more troublesome than any other kind of crisis, for equities. This is a big blown call for Bensimon, who so far has been able to charge huge sums for his research. He is a big guru. G