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Technology Stocks : Max90's LINK STORAGE to stock quotes -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (3886)	12/1/2008 6:05:37 PM
From: LTK007	Read Replies (1) \| Respond to of 3906

i just heard John Roche, a most excellent technician, say today has completely wiped out the uptrend indication from last week. He states he has NO explanation for this ultra volatility other than Hedge Funds Forced Selling, and the delevaraging process. He says he feels we will continue to trend lower with his worst case being SPX 680 before the EOY. Reason? Again, what is happening can NOT be explained except recogniing the Hedge will be hitting this market in waves of selling--it is hoped by 2009. i will keep what i have, and otherwise to nothing until i see something outrageous down occur. A key point is ALL ASSET classes got hit. He said the fact that TIPS went up today while GOLD went down is bizarre, because the forces at work are bizarre. A Bear Market Rally is only a Bear Rally if it lasts over at least a period weeks without massive sell off days like today ripping thru it. i will keep what i have, and otherwise just stand back. i just don't have hands on experience with junk bonds--in fact i have no experience. So , unless i do a quick study, i willl stand back on that---based only on my ignorance of the area, and how to play it. Regards Crude, one opinion is OPEC MUST get their act together. If they want 75 price they must cease talking and doing. And it is critical to them that they do this, cut production hard.Max