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 (1515)	7/30/2008 8:53:02 AM
From: Jerry Olson	Read Replies (1) of 3209

Morning just wanted to mention while we're backing and filling here, weekly momentum has turned positive for the indexs and the bp's after being negative for 7-8 weeks these cycles can be very nice to trade by themselves... the main BP indicators on P&F are all in sync right now and moving higher off very oversold levels my guess is that GDP will be better then expected and pop the markets tomorrow into Fridays employment report.. i would not be short here... quick edit: The SPX needs to print 1270 for the 3 box reversal back up...1290 heavy "R", 1300 the buy signal that could take this index up another 100 points

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