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Strategies & Market Trends : Market Guru of the Month Contest -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (7311)	10/4/2011 10:44:58 PM
From: yard_man	1 Recommendation Read Replies (1) \| Respond to of 17549

I was thinking a lot more short term at the same time -- I sold XLF puts a little before 1/2 hour to go today when XLF was about 11.2X Look at what happened in the last 1/2 hour stockcharts.com that's definitely bear market action Are you saying the SOX is breaking a significant downtrend here??

To: GROUND ZERO™ who wrote (7311)	10/4/2011 10:45:30 PM
From: yard_man	Read Replies (2) \| Respond to of 17549

PREDICTION: UP for tomorrow

To: GROUND ZERO™ who wrote (7311)	10/4/2011 10:51:28 PM
From: Wayners	Read Replies (1) \| Respond to of 17549

I agree with what you show on the chart...the beginning of a W bottom at the trendline support line drawn. I have said a big dump on S&P is premature because we never got the BIG right shoulder...have to loook at a chart looking out to early 2009 to see it....that will be THE top.

To: GROUND ZERO™ who wrote (7311)	10/5/2011 5:46:57 AM
From: Gary105	Read Replies (1) \| Respond to of 17549

Thanks GZ. So SOx is at a critical support level - we either bounce or tank.