S&P 500 Index (SP500): I think market today decidedly turn bull...

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farooq

Re: TREND1 post# 381

Thursday, 12/06/2007 3:54:49 PM

Thursday, December 06, 2007 3:54:49 PM

I think market today decidedly turn bullish for a while so staying Short QID will make more sense in long run trade.
I was wrong many times so take it with grain of salt.
I am going to see more charts for longer term trades.
I do not know what will happen but todays Govt. action saved the financial from disaster and market know that fact.

Rates on mortgages will stay low but very few people will get mortgages and in 5 years supply will be depleted and there will be another mini market crash after the crash 7-9 months people will go back towards RE again most of the holder will be able to bail out in next 5 years.
Hey I can dream how it will resolve. )-:

Farooq
This post is for educational and amusement purposes only, and is not to be interpreted as trading advice. Consult your financial adviser before placing any trade.

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