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  #1  
Old 11-21-2007, 07:16 PM
Foghatlive Foghatlive is offline
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Default 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.
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  #2  
Old 11-21-2007, 07:32 PM
stephenNUTS stephenNUTS is offline
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Default 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]
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  #3  
Old 11-21-2007, 08:02 PM
Foghatlive Foghatlive is offline
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Default 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?
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  #4  
Old 11-21-2007, 08:48 PM
stephenNUTS stephenNUTS is offline
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Default 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]
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  #5  
Old 11-21-2007, 10:50 PM
tolbiny tolbiny is offline
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Default 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
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  #6  
Old 11-21-2007, 11:37 PM
whyherro whyherro is offline
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Default 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.
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  #7  
Old 11-23-2007, 02:25 PM
fanmail fanmail is offline
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Default 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.
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  #8  
Old 11-24-2007, 02:51 PM
Jimbo Jimbo is offline
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Default Re: So much for the 13,000 \"Support Level\"

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

[/ QUOTE ]

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
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  #9  
Old 11-28-2007, 03:57 PM
Jimbo Jimbo is offline
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Default 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
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