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


To: GROUND ZERO™ who wrote (88867)7/17/2009 2:44:25 AM
From: Skeeter Bug  Read Replies (1) | Respond to of 94695
 
GZ, i still think we are range bound - spx878-956. ok, the naz broke out and that's an indicator we may get over 956 in the s&p, but the s&p still has to do it. it is lagging for a reason.

this whole rally is crazy to me - it is like the robbed (main street) partying b/c the thieves (big wall street banks) made a lot of money (by stealing from us!).

yeah, intel didn't collapse YOY, and that's good and china is keeping them going, but that doesn't bode well for debt stricken america, that bodes well for china.

we'll see how this plays out, but the next 30 points will be a lot more difficult than the last 50, imho.