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

To: Real Man who wrote (89355)	8/5/2009 8:20:28 AM
From: GROUND ZERO™	Read Replies (4) \| Respond to of 94695

Yeah, I think we'll see some kind of pull back on the signal, but I seriously doubt it will be of any significance, it could be a one or two day shallow dip followed by a rapid recovery much like the crude oil market just had... first of all, many people didn't buy the lows figuring the market would sell off again... today, these people are probably somewhat stunned that the markets have rallied as swiftly as it did in such a brief period of time... even I cannot believe how quickly this market has moved up, and I bought the low, I'm still long and still bullish... this has been a dream rally... so now, many of those who didn't buy yet are now beginning to believe the rally is for real, that the bottom is already in place, and now they're just hoping for some reasonable pull back so they could join the rally... but, these markets will never accommodate the wishes of the majority, it will do just the opposite, therefore, no meaningful pull back, they'll have to chase this market or miss the party... the measured move is to around 1240ish or so... of course, once everyone finally capitulates and buys the market, then we'll see a big pull back...<g> GZ