Boys and Girls...MELI is exactlly at the supprt Level in the $28-$29 area that Greedy's Chart in post #264 CLEARLY shows.Even with the GENERAL MARKET In MELTDOWN,breaking under $28 a retest of the LT $26 (07/08/08) is Credical This support MUST HOLD or $20-$23 is possible..
Hopefully EVERYONE had Fully Hedged when MELI Broke down at $40.
this Market has turned ugly, I really see no end in Site until after elections at eariest.. At Best DOW 10,800 Will hold and Trade bewteen 10,800-11.800
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Being HEDGE , YOU should DO nothing..But
Relax.Like me..
have a few Drinks and Have a FEW more Drinks in the Jacuzzi.. YOU will See CLEAR.. ........ You Will CLEARLY See..if You liked MELI When J CRAMER said BUY at $56..You got to LOVE MELI at $28-$29 ..PLEASE Stop..You're KILLING ME..CARRY On Boys and Girls