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 680.28

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4:00 PM EST

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To: robert b furman who wrote (24158)	8/26/2011 5:44:32 PM
From: GROUND ZERO™	Read Replies (1) of 219534

Thanks Bob, it makes sense... that pattern you posted is a negative pattern, those triangles usually break in the direction of the main trend, so it's just a pause, so I think it looks like we'll still sell the market work lower... for Monday I would need to see a close above 1189.40 in the September futures to confirm a bottom, that may not happen... interestingly enough, my model requires a higher and higher close as next week continues, for Monday I need a close above 1189.40 but for Thursday, for example, I'll need a close above 1189.90... go figure... Thanks again, have a good one and stay safe...<g> GZ

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