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


To: Real Man who wrote (91803)12/4/2009 3:49:35 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 94695
 
For GDX, using 20 days and 2 standard deviations, the lower end of the band is 47.639 today... my hunch is that we will not see it... for stocks, the chart pattern is extremely bullish here, it won't go down even though time is running out... if we pass the deadline and stocks don't break down, then we may well see an explosive rally in the SP's that would take it over 1200 within no time, I covered my short SP's and went long just a little while ago at 1105.00 (right where it is this very moment), I think we're going higher...<g>

GZ