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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 (7402)	10/7/2011 7:35:27 PM
From: Lazarus	Read Replies (1) \| Respond to of 17549

quite possibly that candlestick stuck right between two trend lines on that previously posted FAS chart says one thing: INDECISION. and the way i see it the week could kick off either way. i really looks to me like the market is going to roll over some - but imo its not a given. IOW ---> i myself am undecided :) bonds are tumbling [sold my TLT puts this morning (bot on monday] here's the TLT chart (20 year treasuries) TLT came right down to the channel line and then bounce off of it. i find that generally speaking i make some of my worst mistakes when trying to guess which way things are going to go when they hit their pivots. probably -- like your model -- its best to wait until the market gives the direction one way or another. anyway --- i'll be watching bonds and financials -- among others for direction. [100 day chart]