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


To: Fiscally Conservative who wrote (84862)1/7/2009 2:04:53 PM
From: GROUND ZERO™  Read Replies (2) | Respond to of 94695
 
740 to 750 is very possible, but my measurements point to 850ish on this leg down, that is, if we get there at all... this selling may only last a few days before we see that rally resume... these markets were incredibly over bought, a sell off was inevitable...

GZ



To: Fiscally Conservative who wrote (84862)1/7/2009 3:27:31 PM
From: Real Man  Read Replies (2) | Respond to of 94695
 
Could do it by next week, and test 600 by March. Earnings time
is usually perfect for things to fall off a cliff, as companies
report poor earnings and guidance, so future estimates must be
adjusted for the new reality. -g-