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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (45306)	12/30/2008 7:28:55 AM
From: Logain Ablar	Respond to of 71785

Hi Harry: Merry Christmas and Happy New Year. All the BP's have moved up relatively quickly since the November lows and are still in X's. I think sentiment has moved too far to fast and whether we turn here or in a couple of months is anyones guess. A PnF sell signal isn't generated until the BP moves to O's and we technically are not there yet. We should have the January bounce for those thats experienced tax selling but not sure with the fund selling cross currents. Tim