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Strategies & Market Trends : Galapagos Islands
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To: Jorj X Mckie who wrote (37183)4/18/2003 7:57:16 PM
From: PuddleGlum  Read Replies (1) of 57110
 
I keep expecting a sell signal to come, but nothing as of yet. I find this troubling, because the warning flags are increasingly visible, but if the various indices rise more than a couple of percent in the coming week we'll see some major breakouts occurring... just in time for a sell signal to hit. So, I think that the markets will either fall without a sell signal, or they'll breakout, get the sell signal, and keep on moving up. Damned if I do, damned if I don't, right? It's never easy.

My short term gauge wants to call a minor top within 2-3 days, lending some support to the idea that we won't see a breakout.
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