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

To: sandeep who wrote (10684)	9/29/2010 3:14:41 PM
From: robert b furman	Read Replies (3) \| Respond to of 222665

Hi GZ and Sandeep. TOO MANY dip buyers out there. Look at smac. Good earnings last night .Forward guidance was a repeat of the beat of last quarter and analysts called it bad. Stock sold off 7.2% last night. Opened down 1.60 at the open and NOW IT IS UP 38 cents. That's support!! Bob Me thinks the coil just tightens. Something will blow it up!! Unemployment comes to mind backed up by strong earnings ,now only 2 weeks away - then followed by the elections!!

To: sandeep who wrote (10684)	9/29/2010 3:15:55 PM
From: Wayners	Respond to of 222665

Correct! Advance to the head of the class. JPM and GS have led the last two minor corrections in SP500 and by a few days even...All that is going on is careful distribution to sell the boat at these levels without plunging prices until the distribution is complete. Never ever bet on a breakout BEFORE it actually occurs. Also I believe dollar will be finding some footing very very soon for a correction up to the top of it's channel.