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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: nspolar who wrote (12080)3/5/2009 8:24:32 AM
From: Stoctrash  Respond to of 33421
 
<<Remember, months ago TF predicted Dow to 6000 or even 4000 area! It continues to be worked on. Mo later. >>

You're not alone. I and a few others have been kicking around 5500 - 6500 for a year or more now. We can't rule out 3K at this point either.

My next downside SPX target is ~620, if we can't hold the 700 level. I had a boat load of calls yesterday and sold perfectly...some I had held overnight that I try not to do often.

What shorts to you like here?

On the positive side, looks like our 140 pt gap down is filling some gaps! I'm tempted right now to buy this gap down....we'll see....



To: nspolar who wrote (12080)3/5/2009 9:27:36 AM
From: Cogito Ergo Sum  Read Replies (2) | Respond to of 33421
 
LOL.. TF I hear you on the analyst angle.. but the data are interesting.. not good to allow a bias against an analyst allow poo pooing of information IMVHO.. was something I didn't know at any rate.. that's the part we have to interpret for ourselves... the data, not scraps via newsletter :O) Reminds me of Dumb and Dumber and Dumber is over there.. basically tons of folks were speculating on currency via their homes... ouch and dumb.. Not looking for Europe to lead (out) here .. that's for sure ;o)

TBS

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