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

To: GROUND ZERO™ who wrote (90421)	9/16/2009 2:56:11 PM
From: fred woodall	Read Replies (1) \| Respond to of 94695

GZ I certainly wouldn’t be buying here 1066 but I don’t care to short it. Will be the first time in my carrier I didn’t short a 12% run up. Besides wall street has Obama backing now to keep this market moving up. Only retirement vehicle left for this country and those with $$$ know it. We are pissing off China like they own us or something. If you owe some money to a bank they own you. If you owe them alot then you own the bank. Not to sure where we're going to get the $1.2B to pay off the interest on the debt each day but at least we have Japan. At least they don't have nukes!!!

To: GROUND ZERO™ who wrote (90421)	9/16/2009 4:49:31 PM
From: Real Man	Read Replies (2) \| Respond to of 94695

We should see some significant selling soon, either starting later this week or early next week. I think this will be the correction Chip was waiting for, perhaps, going into some mini-panic in October. I'm just not sure how high this market flies, and you have to give the bull some slack, coz... the selling may, too, be shallow, no matter what I think. If we do crash up, then it could be more significant, but from higher levels. Which is why... I'm just trading from the long side these days. The short side does not last long. I'm quite cautious at this point. <g> Even gold hates early October through November. It loves September. Staring at Spoos today, we broke above the upside channel, so we are in an upside crash mode now. Who knowz where it endz, but I bet it should end by Monday or on Monday, coz it's on expiration week. Caution to da bearz: this upside crash is dangerous not just for da bullz. It may run quite quickly and quite a bit higher, but it will result in a sharp reversal. Maybe even tomorrow. Maybe Friday. No later than Monday. IMHO.