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Pastimes : The Philosophical Porch

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To: Rarebird who wrote (6171)	10/11/2010 10:08:17 AM
From: westpacific	of 26251

The pattern on the S and P is too weak for it to test the highs; it will breakdown before that... If interested could draw a chart; but this same pattern setup occured back in May this year on better technicals into the top. The chart is interesting...was running it again this weekend. The pattern this time has much weaker metrics. A full blown gap up POMO/QE driven fakeout! Expect all gaps to be filled on the downside! Many betting on that outcome; no doubt... West

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