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 693.77

-0.2%

Jan 13 4:00 PM EST

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To: Vendit™ who wrote (42505)	12/26/2012 10:17:13 AM
From: Fintas	Read Replies (3) of 221715

So as you look at that pitchfork what happens if the scenario is drop to the support, bounce and then cut thru to the lower side. IF that were to happen that would play into the scenario I presented with the bp spx near term momentum and other tech indicators. OR drop, BOUNCE, drop, bounce drop bounce until the momo retests from whence it rose 22. It's now at 74 ish down from the 86 ish. All that to say is that pitchfork allows for such if one can consider cutting thru that middle prong and ending at the lower prong. Just saying on a ho hum after holiday day. Thanks for the chart Fintas

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