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

To: Fintas who wrote (6251)8/20/2011 4:50:02 PM
From: Z-M-L  Read Replies (2) | Respond to of 41060
 
Fintas,

Next week I am expecting the SPX to break below the August 9th print low of 1101, where many stops were placed during the most recent upswing. Breaching 1101 should set off massive selling to 1088 or perhaps as low as 1060 in the SPX cash. That should be the washout needed to complete this current decline. Then we need to watch how high the next advance gets.

Z-M-L



To: Fintas who wrote (6251)8/22/2011 10:19:59 AM
From: robert b furman  Respond to of 41060
 
Hi Z and Fintas,

I've moved my reserve cash to a margin free status.

I too am with you and would really like to see Z's 1101 be touched as I'm going on a shopping spree.

One has to get ready to scoop up the (AS Bearshank puts it ) blood and guts.

Thanks to all of the wonderful support and great calls on this thread from everyone!!

I'm with you TOO !!

Bob


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