Posted by: thapap May 13, 2009
NewStock Watch List
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fortunefaded,
good job. actually i was fretting over yesterday. but anyway read it over @ http://thapap.blogspot.com/

now i think you are little early on calling total downturn. (O: i know its headed lower but i do not think its going to be straight path to 82. there are still some retailers buying on the dip. these retailers has to be made the bag holders hence it will not be a straight down.

i also believe that 875 (prior resistance) is going to act as a great support plus remember that it has not broken yet 20 DMA.

if 20DMA is broken and 875 is breached then only we are headed lower.

database,
good luck on your buy. (O: hope you are able to get in and get out with profit. i would not be staying long in this market at least until i get the direction. just my 0.02
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