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

To: Real Man who wrote (82197)	10/19/2008 9:53:26 AM
From: Roads End	1 Recommendation Respond to of 94695

Message 25083184

To: Real Man who wrote (82197)	10/19/2008 10:09:21 AM
From: GROUND ZERO™	Respond to of 94695

I don't see any top in that picture... this week should be interesting to watch, I'm still short...<g> GZ

To: Real Man who wrote (82197)	10/19/2008 10:12:52 AM
From: Giordano Bruno	Respond to of 94695

According to a recent survey by Thomson Financial, Wall Street analysts are expecting earnings for companies in the Standard & Poor’s 500-stock index to soar 40 percent in the fourth quarter, versus the year-earlier quarter, and 20 percent in 2009, versus 2008. Even more astonishing, those consensus 2009 projections have remained fairly steady in recent months, despite growing fears among investors that a recession is unavoidable. nytimes.com Angels want to wear my red shoes. -g-

To: Real Man who wrote (82197)	10/19/2008 10:46:04 AM
From: rubbersoul	Read Replies (2) \| Respond to of 94695

Vi, I don't have any understanding of the $VIX chart and its significance. Could you please help me understand? Thanks, RS

To: Real Man who wrote (82197)	10/19/2008 11:46:43 AM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 94695

We could well see 5000, but I still think we're going to see a highly spirited rally later this week, no later than Thursday afternoon and all day Friday...<g> GZ

To: Real Man who wrote (82197)	10/19/2008 12:00:14 PM
From: GROUND ZERO™	Respond to of 94695

Here's my take as of Friday's close: The daily model shows support at 857.60 and if that doesn't hold then 835.30 should hold, that is, if we actually get down there again... a strong bounce off either of these prices (or anywhere in between) and a strong close will tell me an intermediate low is in place and a rally of several weeks/months has begun... I still suspect we'll come back to test these lows and probably go lower, but if the above scenario unfolds, then I think we're in store for a very excellent rally worth buying... The weekly model shows support right where we are right now, but there is still some wiggle room just under them market... Of course, all bets are off if prices break and close below 835.30 at any time this week... GZ