350zCommtech's Account Talk

**mlk_man** · 07-26-2007, 03:35 PM

Originally Posted by fedgolfer

don't forget the 100 DMA or SMA -- around 1484'ish. a lot of these corrections find support in increments of 25 DMAs, 75 fell, let's hope 100 holds.

Looks like we'll be there shortly

**weatherweenie** · 07-26-2007, 03:36 PM

Originally Posted by mlk_man

If it falls below the support of around 1495, the next stop is probably about 1470. Looks like it bounced off 1490, for now.

Down to 1487

**350zCommTech** · 07-26-2007, 03:49 PM

The Dow is finding support at it's 50 DMA.

**350zCommTech** · 07-26-2007, 04:36 PM

Originally Posted by 350zCommTech

The Dow is finding support at it's 50 DMA.

Crap! There goes that support for the Dow. Curbs are in again.

**350zCommTech** · 07-26-2007, 05:04 PM

Whenever the curbs are in, the market bounces...

**fedgolfer** · 07-26-2007, 05:52 PM

... if the curbs only prevent program selling and only move on upticks, I can see how that delays some panic selling, but only for a litte while. Sellers still seem to still gather during the curb. I can see how this may help savy traders that can see level II quotes, but to me it seems that it only provides opportunity for the big boys to get out while handcuffing the small retail investors, correct?

**350zCommTech** · 07-26-2007, 05:58 PM

Originally Posted by fedgolfer

... if the curbs only prevent program selling and only move on upticks, I can see how that delays some panic selling, but only for a litte while. Sellers still seem to still gather during the curb. I can see how this may help savy traders that can see level II quotes, but to me it seems that it only provides opportunity for the big boys to get out while handcuffing the small retail investors, correct?

Yes, you're absolutely right. And I would like to see these curbs lifted so the market can completely tank today and get it out of the way.