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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (123394)	8/29/2005 7:26:19 AM
From: Jerry Olson	Read Replies (1) of 209892

morning shack like i said if the bullish percents i am watching turn down into O's this market is going down hard. the OPTI BP will definately reverse probably today that main indicator will lead the the reversal down of the big boy on the block the BP NYSE. The SPX BP is weak too and ready to reverse when these indicators give sell signals the market is going to fall much further with small relief rallies to short... I don't even think the July lows will hold...the carnage will be ugly... nothing shack is written in stone. we trade the markets day to day. anything can happen... and i do expect a short rally to the desending 20 ema on most of the daily index charts to short it there again. but i have not liked this markets for over 5 weeks now...and have been warning everyone to prepare for the worst.

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