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

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To: GROUND ZERO™ who wrote (36671)	8/20/2012 12:31:49 PM
From: FCom777	3 Recommendations Read Replies (3) of 221917

fwiw ... my guess is that a very significant top in equities is being marked. The amount of time it is taking to complete this congestion phase of trading leads me to this feeling. Would be very surprised if it did not culminate in an rapid exhaustion move to the upside before turning lower for good. Usually these moves are on the order of 20 S&P points ... that would put us in the 1425 to 1445 range. No system here, thats what my gut is telling me ... Be nimble ... you almost always are ... that's what makes you a great trader ...

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