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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: Fintas who wrote (4600)	1/9/2011 11:41:48 AM
From: robert b furman	Read Replies (1) \| Respond to of 41062

Good Morning Fintas, My stocks really showed collapse intraday on friday. The day's close,showed a lot of recovery - false close IMO. As of last wednesday,I think we'll see a downward wave that will finish the sideways action going back tothe 1219 high on 4/26/10. As you note - do not get in too early - however tempting cheap prices will show. My guess is,we'll have around 8 weeks of down before we bottom. How we handle the debt ceiling could well be a catalyst. I've sold some stock ,a little early and didn't get enough sold right at the top - typical I guess. Margin free and loaded with margin ability if we get cheap. First time in a long time for me - so patiently waiting and fighting off anxiety. Thanks for the guidance and good advice. Bob