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


To: GROUND ZERO™ who wrote (83626)11/24/2008 5:47:36 PM
From: Real Man  Read Replies (2) | Respond to of 94695
 
2 giant up days erased 2 giant down days, the net is slightly
negative. -g-

Hard to say, I think the rally has a chance to turn into
something lasting longer than 2 days, even though we could see
some dump near term. How about 1K or so? We might need to
close the opening gap first.




To: GROUND ZERO™ who wrote (83626)11/24/2008 11:01:12 PM
From: Paxb2u  Read Replies (1) | Respond to of 94695
 
I'm not sure we'll close lower. I find this real short term hard to call. I am looking for more upside into next week. However I reserve the right to change my mind as soon as I see the news for the economic calendar for this week. I guess we get preliminary GDP for 3rd qtr at 0830 in the morning. After saying that I think I'll short prior to the news with a close trailing stop. I am confused (but not on the short side--just when)Peace