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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Stoxx who wrote (39595)

12/1/2008 7:15:29 PM

From: Dr. Stoxx

Read Replies (1) | Respond to of 39683

It's all in the chart: the trend is your friend...that bullish lift in the MACD will have to be settled somehow, however. It suggests a higher low print coming up.

To: Dr. Stoxx who wrote (39595)	12/1/2008 10:58:50 PM
From: koan	Respond to of 39683

>> Nasty selloff today...kind of gives the knock to the "the bottom is in" crowd. Not much support in the S&P until the 750 bottom. I thought 840 would hold today; no luck. There was nothing to do but pile into some ultrashorts (I played FXP, FAZ, DUG) and hang on!<, Koan: JMHO: I think what this was today, was in reaction to the recognition that this systemic deflationary worldwide depression has depth and width few see or will voice. The gravity of the deflation is strenghtening just as though we were getting closer to a black hole. People are quickly using up their little reserves and so defaults are causing more defaults. Almost everyone with 401 K's has lost half of it in the last 12 months. The only chance is a gigantic stimulous package and that might not work. No one seems to know how to deal with a monster deflationary depression. An economic situation with monster leveraging of credit and debt. Deleveraging is a tour de force. And even massive stimulation may not work and risks a collpase of the dolalr and hyperinlfation, but without it we will surely fall into the black hole and only emerge as hawking radiation-lol.