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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (3424)	5/5/2010 6:07:23 PM
From: ggersh	Respond to of 221135

Exactly and my favorite Fib point also. It'd the one and only that when it works look out!

To: Real Man who wrote (3424)	5/5/2010 6:33:25 PM
From: GROUND ZERO™	Respond to of 221135

Very true, but I do like to follow my model, and we did hit a vertical price today, so I expect to see a rally tomorrow... and if not, then I'm wrong, I can't give that much credence to those support and resistance points since they can be violated at any time when the market decides it wants to go it's own way... my model merely follows the market like a faithful puppy dog...<g> GZ

To: Real Man who wrote (3424)	5/5/2010 7:37:55 PM
From: fred woodall	Respond to of 221135

So on it goes, system in place, we draw lines on charts, back test history as the bible, then execute a thought process derived from everything that made this "none wealth" scenario possible. Hoping our leadership, who are announcing retirement in droves, will be replaced by exact duplicates that will continue the dismantling and bastardize everything this country once stood for. At some point reality kicks in, even to the most uninformed trader wakes up to the idea that they are using their own money, after taxes, to play the "paper game" because it has always worked. They listen to Cramer who says, “it’s only about making money”. Even those who made millions, the easy way, fell compelled to do what has worked in the past. Those are the folks who will suffer the most as they impatiently listen to Blankfein today. Goldman CEO Says Wants To Be The Leader In Ethics Managing Conflicts Shows Quality, Character “Will Make Calls With Wealthy Clients A Regular Activity”. We Want People To Brag They Have Accounts With Us Will Use Current Scrutiny To Recheck Principles