Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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To: Perspective who wrote (2226)	2/21/2010 3:18:04 PM
From: skinowski	Read Replies (1) of 3209

Agree that selling may need to wait. The way things stand, until proven otherwise the advance since last March should be considered intact. Some analysts interpret the recent decline since January as a completed impulse - this could be, but it looks too much like a three-waver. If you compare longer term SP patterns on that link to your old post, what took place since January looks very much like the decline of last June-July. It "feels" like something bearish is about to begin brewing up... but after last week's advance the short term picture is no longer "clean".

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