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

To: Real Man who wrote (84982)	1/14/2009 7:18:14 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

I agree, it just seems more likely that we'll see a rally, even in the worst of bear markets... this sideways action over the last few weeks has to be some kind of basing action, the market has almost flat lined... I just went long at 862.00, so I'm a buyer today, I still have an active buy signal from early last week... Last week's but signal came when the market was already over bought... then I had a mini sell signal based on a more near term indicator... but then, yesterday's low penetrated and then bounced off a major sell signal, so this leaves last week's buy signal still intact... so now, we only need to break below 858.00 for today to trigger another sell signal... therefore a buy right here is relatively cheap... I think the sell signal is nearly upon us right now...<g> GZ