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 694.07

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Jan 29 4:00 PM EST

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To: Richard Saunders who wrote (35013)	7/16/2012 7:53:24 AM
From: chartseer	Read Replies (2) of 222604

charting isn't a science and charts aren't perfect. The theory behind charting is that charts are suppose to reflect what the people in the know are doing. Then there are others who don't put any stock in charting at all. A Random Walk Down Wall Street. I have been looking at charts for many years and know that some stocks charts work better than other stocks. I really respect them for market trends. Up intil a few weeks ago I was sure they were signalling a new bear market. Now I think? I suspect they are saying that bear market has been postponed a while. A short while? A long While? No too sure at the moment. Some people are saying the charts are now predicting a Romney win come November. I just don't know but keep watching the charts until I get another clue as to what is happening. If only it was this easy? That easy? Easy? It is not because there are too many distractions and the FED. Don't fight the fed regardless of what the charts say.

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