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

To: Real Man who wrote (89430)	8/6/2009 12:10:07 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

I agree with all your points, so I'll just ride the wave lower if it goes lower... I'm not expecting much, but neither are most people, therefore it could go much lower than most people expect... I think all the late buyers will hold and then give up the ghost at a loss while others continue to buy the lower dip as it still continues to move lower... if this sort of psychology dominates the market for a few days, then we could see a test of 975, then 950, and so on until it hits some support, maybe at around 920ish is my wild guess for now... I've not yet calculated where that support might be because I'm still waiting to see if this sell signal will be confirmed at the end of today's trading...<g> GZ