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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (73355)	6/19/2006 6:44:42 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

financialsense.com Looks like the Lindsay's chart pattern discussed here is applicable to the markets. Statistically it has 87% probability when it appears. However, it also formed in 2005, and then did not make it, as Tim Wood also points out in that article. The current expiration move up is within the pattern! According to the pattern, one should short the rally, now. The fact that Tim is so unsure makes me believe it may work this time. Our signal did not give a buy yet. The bounce came from a trend line support - you can easily draw a line through April 2005 low, October 2005 low, and June 2006 low for the SP500