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


To: voodooist who wrote (91706)12/1/2009 5:24:18 AM
From: GROUND ZERO™1 Recommendation  Read Replies (2) | Respond to of 94695
 
Sure, glad to help out... first of all, I don't think you're stupid nor do I think I'm bipolar, but I do think you don't understand what I'm saying and also that what I'm saying is more three dimensional, not two dimensional, this is something you may not be grasping quite yet... let me clarify for you...

Yes, I think we're putting in a top of some sort, and I could easily be wrong, I'm no guru, I'm just another dumb shmuck who posts on these threads...

Now, to have a better understanding of what I said you would probably have to read almost everything I've posted here in the past two weeks or so, but I'll try to abbreviate it all here for you...

If we're really putting in a top of some sort, then it doesn't mean that the top is already in place, and then again it may well be... just because a possible top is near doesn't mean we can't have a big rally on any given day... and yesterday's chart showed me that a rally is coming very soon... this certainly doesn't in any way nullify the notion that a top of some proportion is nearby...

I also explained earlier that the SP's much close ABOVE 1135.13 on December 16th or we'll have a major sell signal... since it's only now December 1st, we still have two more weeks to see if this market can rally above that price point in order to keep this rally going...

Also, each new high is met with selling, and every pull back is met with buying, so this market is going sideways for the past three weeks, and on lesser and lesser volume... if we continue in this trading pattern into the deadline I gave according to my model, then we will have a top... otherwise the rally will be alive and well... it's not up to me, it's up to the market...

Was this any more clear?

GZ