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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: Drbob512 who wrote (99438)	10/30/2008 5:18:47 PM
From: shadows	Respond to of 100058

Suspect that next week or so sees higher prices,but this is a market you trade with very tight stops.If we can clear a grand on the SnP soon,then 1044/1063 are the hurdles to jump thru next for a really sustained recovery rally to become possible,ie-a typical year-end/first gtr.rally of 4 or 5 months duration.Too early to be sure about anything at this juncture,but when total bearishness meets a tidal wave of liquidity markets tend to get interesting! A 50% retracement of the decline from 1360 in June to the 839 low makes for SnP 1092,which doesn't seem that far away now! So glad you have been running the Board again drbob in these historic times-hopefully they are helping your recovery?