Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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To: AllansAlias who wrote (1490)	7/25/2008 7:43:10 AM
From: Jerry Olson	Read Replies (1) of 3209

Hi AA I'm in the same camp vis a vis P&F. "ALL" the main bullish percents are now in X's and moving up. Several short term indicators have turned up as well these are the Hi Lo index for both the OTC & NYSE world of stocks. and from historical low levels not seen in 10-15 years. the next best move is up, little doubt about that. we just need some more backing and filling at the lows That July 15th low is significant to me. As well the weekly candlestick on most major indexs showing strong reversals with gigantic volume... we're going higher especially with the indicators reversing up from deeply oversold levels. this 1-2 day pullback was becuase the McCllen oscilators were very overbought near term, they'll reset and then move much higher in the next few weeks.

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