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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 (3762)	5/10/2010 8:54:14 AM
From: GROUND ZERO™	Respond to of 220939

Right, this weekend bailout might hold things together for another day or two... meanwhile, my model is still short and it rallied back the the initial vertical price of 1161.70... interestingly, that price was supposed to stop the selling on the way down, but this time that same price stopped the rally on the way up... So, we'll see a big rally today, which is likely already in the overnight market, and then by tomorrow mid day, it might just be heading back down again... if I get a buy signal later this week, I'll still take a profit on the short side...<g> GZ

To: Real Man who wrote (3762)	5/10/2010 8:56:41 AM
From: fred woodall	Read Replies (1) \| Respond to of 220939

Sept. 19, 2008, stocks rallied hard after the feds unveiled what would become the TARP plan to absorb souring bank loans. That morning, futures were near the "limit up" of a 5% move; this morning, the S&P futures, at 54, were near that limit. The Dow rose 369 points that day in September.