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

To: fred woodall who wrote (6516)	7/1/2010 11:20:07 AM
From: GROUND ZERO™	Respond to of 219098

My initial vertical price is 992, but we could well go much lower into the 800's before the real bottom is in... GZ

To: fred woodall who wrote (6516)	7/1/2010 11:23:11 AM
From: Real Man	1 Recommendation Read Replies (3) \| Respond to of 219098

The whole rally from 2009 lows was with no real buyers. The machines working on Fed liquidity were it. What I am trying to say, yes, we should bounce, but don't count on that rally. Specifically, the machines could sell these markets super fast in the absense of real buyers, because the oxygen flow was cut in April. I think Don is looking at 1005 level to provide containment of this selling, but it also could be quite a bit lower. 1K is indeed support, as a round number -g- Subject 52296