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Banks are at 'fair value' pricing based on my model...

I buy banks when they hit these prices regardless of what the market is doing... i'm not buying into Margin positions, it's all cash

It's not the time to be using margin atm ...

I understand the larger cycles in the market, and I know that markets can find support and consolidate for a number of weeks/months around certain levels.

I think in the bigger picture, markets will find support around these levels, maybe punch down a little, but will probably remain above these levels in this quarter...but not much upside either...

The next quarterly timeframe is then the big worry, because if this is the 2nd stage of a bear market, it will move to lower lows in the next Quarter and follows the larger yearly timeframes down, which will probably be into next year. 2009......

And i'll use 'fair pricing' again for 2009

I was looking for a 'blow-off' bottom in this Quarter, maybe today is the day...let's see where it closes

cheers
Frank

<blockquote data-quote="Frank D" data-source="post: 246660" data-attributes="member: 4896">Banks are at &#039;fair value&#039; pricing based on my model...I buy banks when they hit these prices regardless of what the market is doing...&nbsp; i&#039;m not buying into Margin positions, it&#039;s all cashIt&#039;s not the time to be using margin atm ...I understand the larger cycles in the market, and I know that markets can find support and consolidate for a number of weeks/months around certain levels.I think in the bigger picture, markets will find support around these levels, maybe punch down a little, but will probably remain above these levels in this quarter...but not much upside either...The next quarterly timeframe is then the big worry, because if this is the 2nd stage of a bear market, it will move to lower lows in the next Quarter and follows the larger yearly timeframes down, which will probably be into next year. 2009......And i&#039;ll use &#039;fair pricing&#039; again for 2009I was looking for a &#039;blow-off&#039; bottom in this Quarter, maybe today is the day...let&#039;s see where it closescheersFrank</blockquote>

[QUOTE="Frank D, post: 246660, member: 4896"] Banks are at 'fair value' pricing based on my model... I buy banks when they hit these prices regardless of what the market is doing... i'm not buying into Margin positions, it's all cash It's not the time to be using margin atm ... I understand the larger cycles in the market, and I know that markets can find support and consolidate for a number of weeks/months around certain levels. I think in the bigger picture, markets will find support around these levels, maybe punch down a little, but will probably remain above these levels in this quarter...but not much upside either... The next quarterly timeframe is then the big worry, because if this is the 2nd stage of a bear market, it will move to lower lows in the next Quarter and follows the larger yearly timeframes down, which will probably be into next year. 2009...... And i'll use 'fair pricing' again for 2009 I was looking for a 'blow-off' bottom in this Quarter, maybe today is the day...let's see where it closes cheers Frank [/QUOTE]

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