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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (9475)	12/1/2008 3:25:04 PM
From: Perspective	Read Replies (1) \| Respond to of 41593

No help at 3PM. That means there isn't anybody big doing any serious shopping today, and the selling pressure wasn't just a daytrade. I'll hedge a teeny bit more, but a smidge of unhedged short exposure might not be so bad for a little while. For now, it appears the first attempt at cracking the big downtrend line has failed. I've stared at that 1930s bear so many times. I keep telling myself, my three-year-old could have traded it with nothing more than weekly closing quotes and a ruler: BTW: Rate-of-climb for the big red line was 50%/year - about 4%/month. The downtrend we just smacked into is almost 3X that steep, so the big 4 should break that line. `BC