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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 (30621)	4/6/2012 11:37:42 AM
From: robert b furman	Read Replies (2) \| Respond to of 218822

More than likely the beginning of a longer down wave - corrective wave 4. Could take us to 1340 - 1286 ish and last 30 days. I'm thinking if it gets going down, at the open this would be temptiing to buy the dip. But this time it may well take us longer and through the earnings period. Earnings will be good and guidance will be the most important. After earnings we'll see the recovery continue for those with good guidance. Should be ABC wave correction. I'm going to keep my powder dry - for a more optimal buying point. Just my guess. Bob Thinking Dollar strength and crude collapses well below 100.00