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#1
11-21-2007, 07:16 PM
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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
11-21-2007, 07:32 PM
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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
11-21-2007, 08:02 PM
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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
11-21-2007, 08:48 PM
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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
11-21-2007, 10:50 PM
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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
11-21-2007, 11:37 PM
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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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#8
11-24-2007, 02:51 PM
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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
11-28-2007, 03:57 PM
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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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