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

To: Skip Danger who wrote (91112)	11/2/2009 2:59:36 PM
From: Real Man	Read Replies (2) \| Respond to of 94695

I think it's time to be careful in these markets. While shorting against the "stimulus" - printing press money - is pretty dangerous, the markets could enter a range and give up a substantial portion of the gains since March. I don't think at all the March low will be violated, just that this market will trade nowhere to down for some time. It is acting as if the rally that started in March is now over. Of course, this period of range to down could be followed by yet another big rally, and I think it will be. Low 900-ish for the SP500 is where I think the market could potentially go -g-