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Bangtime

08/09/09 12:48 AM

#3625 RE: TREND1 #3621

Trend-

Friday afternoon did look so somewhat suspicious\weak- the last 1/2 hour in particular. Regarding the pullback of decent size I'm thinking your # down to the 900 area as one of the trendlines I watch closely is the one created by 10/10/08 and 10/28/08 lows(~930 now)- by far the most used\observed by price action TL in the past 10 months. Another I'm thinking to lend support below that is ~906 now from 11/87 and 1/95. And you have a couple major ones in the 940 area currently....I think they're still fishing for more guppies for a while. Just remember how long the market rallied off the 1932 bottom. I just try to keep rationality checked at the front door with this profession.