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the risk to the down is only about 20 sp points
then we get new highs
low 6/9 intra day or 6/10 intra day
Ben
----- Original Message -----
From: "Da Gappa" <dagappa@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, June 08, 2005 7:05 PM
Subject: Re: [RT] market
>
>
> FWIW, I am on the fence but leaning towards the dark
> side. I came across the following site the other day
> and they can make a pretty good case for the bears:
> http://www.hussmanfunds.com/wmc/wmc050606.htm
>
> And in this one he goes deeper into market valuations:
> http://www.hussmanfunds.com/wmc/wmc050222.htm
>
> I am not affiliated with them in any way. (But I did
> start start nibbling on some short positions last
> week.)
>
> Best of trades to all.
>
> Phil
>
>
>
> --- BobsKC <bobskc@xxxxxxxxxxxx> wrote:
>
>
> ---------------------------------
> At 12:15 AM 6/8/2005 -0400, you wrote:
> my work suggests thattomorrow is a downer
> add to that the bad candle made on sp500 and it
> REALLYworries me
> Ben
> Possibly ... possibly not .. the fundamentals are
> still strong, themarket is not over-bought, the
> technicians are nearly universallyconvinced we are
> going lower and pe's are reasonable. While Iwouldn't
> bet against Ben, I'm taking a wait and see attitude
> rightnow.
>
> Bob
>
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