tag:blogger.com,1999:blog-6055535128640439225.post8311746832803598920..comments2024-03-04T12:15:11.944-05:00Comments on WEEKLY TECHNICAL COMMENTARY: TODAY'S ACTIONJohn C. Leehttp://www.blogger.com/profile/01697985036838910334noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6055535128640439225.post-12144265264371105492008-11-20T08:15:00.000-05:002008-11-20T08:15:00.000-05:00Thanks John.Thanks John.Bobhttps://www.blogger.com/profile/11050995621410750133noreply@blogger.comtag:blogger.com,1999:blog-6055535128640439225.post-81344418412684730642008-11-20T06:45:00.000-05:002008-11-20T06:45:00.000-05:00oh yea I forgot, yea I do know the 3x ETFs. They a...oh yea I forgot, yea I do know the 3x ETFs. They are fit for day trading or trending action but they suck during whipsaws. I've seen my 2x ETFs gain more than them. The volume is still a bit low.John C. Leehttps://www.blogger.com/profile/01697985036838910334noreply@blogger.comtag:blogger.com,1999:blog-6055535128640439225.post-75289430444053235132008-11-20T06:44:00.000-05:002008-11-20T06:44:00.000-05:00Morning. No, I don't have a crystal ball. Technica...Morning. No, I don't have a crystal ball. Technically, I think we'll get a small bounce, but I seriously doubt that we will be able to reach our Oct 2007 highs. The long-term chart is too jacked up and the spike down cut through a key support level since the 1990s. The 2002 lows are support, however, so I'd anticipate a bounce.John C. Leehttps://www.blogger.com/profile/01697985036838910334noreply@blogger.comtag:blogger.com,1999:blog-6055535128640439225.post-73791078789931532602008-11-19T20:38:00.000-05:002008-11-19T20:38:00.000-05:00John,Do you know about BGU and other new triple pl...John,<BR/>Do you know about BGU and other new triple plays?Bobhttps://www.blogger.com/profile/11050995621410750133noreply@blogger.comtag:blogger.com,1999:blog-6055535128640439225.post-49704012003559780292008-11-19T20:29:00.000-05:002008-11-19T20:29:00.000-05:00Again, think the 2002 levels will hold in the long...Again, think the 2002 levels will hold in the long run? I know you don't have a crystal ball, but I'm guessing that this thing won't be able to be supported like it was back in 2002. We have way more debt as a nation than we did back in 2002. We also do not have much else to stimulate the economy. Throwing more money (aka debt) at the problem isn't helping, and people don't want to let things go bankrupt and reform. We've surpassed the 1929 bear market in terms of percent lost in a year. I'm amazed. And somewhat frightened.Complacent Pandahttps://www.blogger.com/profile/17566522990764421703noreply@blogger.comtag:blogger.com,1999:blog-6055535128640439225.post-13619118380863290652008-11-19T19:58:00.000-05:002008-11-19T19:58:00.000-05:00John.Any crystal ball ideas if the SPX will hit 60...John.<BR/>Any crystal ball ideas if the SPX will hit 600?Bobhttps://www.blogger.com/profile/11050995621410750133noreply@blogger.com