Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: Chip McVickar who wrote (70754)	4/30/2015 3:39:58 PM
From: FCom777	1 Recommendation Recommended By toccodolce Read Replies (1) of 218214

Ok, we're at the gap ... do you think we might bounce off ? Doubt it .... To keep things in perspective, a 5 year near month S&P is shown - clearly we are in an uptrend - and for quite a while ... although precarious to pick tops in the face of such a seemingly strong trend ... I think clues are to be had in the duration of congestion trading and inter-market money flows ... We'd have to go down an awful lot to turn this chart into a down trend ... My guess is an intermediate term bottom between 1400 and 1700 is certainly doable - and the up trend would still be intact. My sense is that the banksters are pushing on a string. It takes more and more capital to incrementally move higher as more participants jump on the band wagon. The market is too complacent - as evidenced by the VIX pricing. It just time for a good old fashion shake-out - before we we break into new high territory - think the shake-out has begun .... TIme to be short ....

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