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Thursday, February 26, 2009

Looks Ready To Roll Over


6 comments:

Cliffynator said...

I think we were all aware of the strong support around 750, going back to 2002. But if the S&P falls through that, where does it stop???
I couldn't find another decent support line until I traced a line all the way back to May, 1932, and put the chart in Log Scale! The next line after that is 2-freakin-60 (260)! Tell me I'm missing something.

Tushar said...

Time to close shorts according to Robert?

Stewie said...

robert has been the biggest bear in history so i found very interesting that he is calling to close shorts. i'd let price action do the talkin now. ignore all and listen to price.

Salsaman said...

Tushar,

You don't really expect Robert to call it to the exact day do you? It's a generalization.

Nice to see you posting Stewie.

Cliffynator said...

Stewie said...

thanks salsa. picked up some FAZ yesterday and still holding it. let's see if C drops below $1....

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