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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 681.43+1.6%4:00 PM EST

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To: GROUND ZERO™ who wrote (30702)4/10/2012 7:53:04 PM
From: Gary1051 Recommendation  Read Replies (1) of 218637
 
Looking for a short term bottom on the Dow (we either hit it today or it goes down another 50-75 points) and then bounces off the blue line.
stockcharts.com
My gut feel is that the bounce is followed by a retest of the blue line (May?) that fails marking the beginning of a protracted new bear market.
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