Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 690.27

0.0%

Dec 26 4:00 PM EST

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From: Gary105	6/22/2010 5:19:32 AM
	Read Replies (2) of 220708

A 3 box reversal (in the case of SPX, 3 x 10 pts/box = 30 pts) is normal for P&F. The key question is what happens after it? Further reversal while still in bullish trend followed by hitting current bullish target of 1300? or down to 1040 which would establish bearish trend with target in the 900s or even lower? BWDIK

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