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

To: Real Man who wrote (87472)	5/23/2009 5:03:25 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

I expect these markets to tank next week, big time, the rally from March is toast... the first hope of support is around 850ish, but if that doesn't hold, and I don't think it will, then 800 or lower is in the works... right now, my model is telling me everything is overbought, but there is not yet a sell signal... the sell signal for Tuesday is a trade below 879.10... a close below that price is all the confirmation I'll need to tell me we're going lower...<g> GZ

To: Real Man who wrote (87472)	5/23/2009 8:19:09 AM
From: fred woodall	Respond to of 94695

400% GDP If you owe the bank a little the bank owns you. If you owe a lot, you own the bank. Rests assure Geithner and his cronies will have a debt moratorium where they renegotiate the debt. After all this is what we did in the Great depression and this same model used elsewhere, Peru, Mexico, Argentina, etc. Just the very mention of this will silence out debt holders and they will most certainly fall in line as they have the default issue to consider. Market direction: The hope the markets will move upward while the ground is crumbling at our feet is just that. Hope. There is no prospect of an improving economy 3-6-8 months out. We are just starting the domino effect. Even if you are willing to wildly speculate there is no fundamental data that I can find. Of course we could have some major technological innovation to flood the markets with “new improved” gadgets or possibly a “real” war takes place where the US occupies vast resources and control. Not likely in the near term. I hope the market does move up as I have had considerable success shorting every rally this month while establishing a longer term position for the leg down. If by some notion I am missing something please, I am all ears.