So much for the 13,000 \"Support Level\"
 

Feelin' pretty good about being in cash. IMO, it's just a matter of time before the 12,500 level is tested.

Although, if I were to take a trading shot, I'd short the consumer goods sector. Stocks like Coca Cola & PnG are still at their highs. IMO, it's just a matter of time before they come back to the pack.

Re: So much for the 13,000 \"Support Level\"
 

Lets try and combine threads with regard to this recent MARKET BREAKDOWN:

http://forumserver.twoplustwo.com/showfl...=0#Post13064288

I will give some more personal thoughts/positions after hearing how others feel about certain technical support levels,as well as Dow Theory type questions

I will also enjoy...and am looking foward to hearing OTHER members perspectives as well

Stephen [img]/images/graemlins/cool.gif[/img]

Re: So much for the 13,000 \"Support Level\"
 

Maybe a mod could set up a regular "Market Recap" thread: daily, weekly, or monthly, and we can all chime in?

Re: So much for the 13,000 \"Support Level\"
 

[ QUOTE ]
Maybe a mod could set up a regular "Market Recap" thread: daily, weekly, or monthly, and we can all chime in?

[/ QUOTE ]

Sounds GREAT [img]/images/graemlins/cool.gif[/img]

Re: So much for the 13,000 \"Support Level\"
 

[ QUOTE ]

Although, if I were to take a trading shot, I'd short the consumer goods sector. Stocks like Coca Cola & PnG are still at their highs. IMO, it's just a matter of time before they come back to the pack.

[/ QUOTE ]

This is nearly a year old, but Coke sells a ton outside the US. 72% as of last year

Re: So much for the 13,000 \"Support Level\"
 

[ QUOTE ]
[ QUOTE ]

Although, if I were to take a trading shot, I'd short the consumer goods sector. Stocks like Coca Cola & PnG are still at their highs. IMO, it's just a matter of time before they come back to the pack.

[/ QUOTE ]

This is nearly a year old, but Coke sells a ton outside the US. 72% as of last year

[/ QUOTE ]


Correct - a number of major institutional investors are pursuing a strategy based on the decoupling of the united states and the rest of the international economy.

the general execution is to sort the S&P by % of sales outside the united states, buy a basket of these and hold. Or do this along with shorting SPX for obvious reasons.

Re: So much for the 13,000 \"Support Level\"
 

Do you guys think 13K is resistance now? Up 180 to 12,980 right now, certainly approaching that point again.

Re: So much for the 13,000 \"Support Level\"
 

[ QUOTE ]
Do you guys think 13K is resistance now?

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Easy answer, the TA's might the FA's won't. Also the bears most certainly will and the bulls most certainly won't.

Jimbo

Re: So much for the 13,000 \"Support Level\"
 

[ QUOTE ]
Do you guys think 13K is resistance now? Up 180 to 12,980 right now, certainly approaching that point again.

[/ QUOTE ]

Guess not.

Jimbo