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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 692.010.0%4:00 PM EST

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To: Chip McVickar who wrote (28889)2/2/2012 3:39:35 PM
From: GROUND ZERO™  Read Replies (1) of 223149
 
That's right, the first three days are put together for the first bar, you can see it very clearly, it makes a beautiful reversal pattern... then, the middle bar pattern over the next two days with a higher high and a lower close, and then today's beautiful confirmation with a solid close above the initial three day high, a beautiful picture and in a real live chart today, it's amazing... and after the futures closed, the spot market exploded higher, it could still pull back just a bit, but I'm sure that there are numerous short positions trapped right now and they'll cover at a much higher level... I think shorting that market now is asking for trouble...

GZ
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