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


To: Real Man who wrote (83560)11/22/2008 6:34:48 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 94695
 
The best thing to do for an individual is to keep only light positions no matter what, otherwise you'll get taken to the cleaners...<g>

GZ



To: Real Man who wrote (83560)11/22/2008 10:09:51 PM
From: GROUND ZERO™1 Recommendation  Read Replies (2) | Respond to of 94695
 
There is good reason to suspect we may have hit a bottom of some significance on Friday. Take a look at this monthly SP cash chart going back 25 years:

charts.barchart.com

On Friday, the low hit the monthly trend line from the lows of October 1987 and October 1990... extend that line and it comes to Friday's low.

So, we'll see if it holds up...

GZ