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

To: GROUND ZERO™ who wrote (23319)	8/9/2011 7:28:46 AM
From: robert b furman	1 Recommendation Read Replies (3) \| Respond to of 219478

I do NOT see us in a locked up,systemically failing banking system as we had in 08/09. 666 was then not now. We ARE in a slow growth over levered (from a sovereign viewpoint) environment. The battle between government austerity and more debt is the play now. The rest of the system has had the debt relieved and is working. The S&P thing is/was bad - the market forces proved that yesterday - remember everyone saying interest rates will go up well they went down. Say what you will our buck and system is still the go to global currency.It is NOt with out its problems and neither is any thing else. Bob

To: GROUND ZERO™ who wrote (23319)	8/9/2011 10:54:48 AM
From: Wayners	1 Recommendation Read Replies (1) \| Respond to of 219478

Low on futures last night was 108 even...I get slightly different answers depending on whether I'm using log chart which is what I normally use or arithmetic chart and futures vs. SPY. I just say ballpark 105 to 107 is about right. For a big move like this prefer to zoom out and use weekly chart and just draw the lines on it. Getting the lines exact takes more work and requires breaking out the slide rule and calculating the actual line intercepts....F that! That's YOUR job as thread moderator:-)