Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (93057)	8/2/2011 4:23:44 PM
From: robert b furman	Read Replies (1) \| Respond to of 94695

Closed on the low of the day - ugly. Many majjor support levels were marginally broken. My bet will be down big at open - just a gut feeling. I think the most positive event would be a reversal in the next 2-3 days. There is substantial technical damage out there. A lot of indexes are at do or die chart points. Last half hour the 1258.07 on the SPX broke support - picked up volume. Capitulation selling. If we by a fluke opened up big - my bet is it'll get sold. Yet we have been down for 9 days - very oversold . Need a capitulation spike in the vix: stockcharts.com The last 8-9 days have been very oversold: stockcharts.com Market looks worse than in a long while. Treasury yields telling us no growth and no inflation. Commodities should take a hard downswing - not sure on PM's