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


To: clochard who wrote (90816)10/26/2009 11:43:45 AM
From: GROUND ZERO™  Read Replies (2) | Respond to of 94695
 
We're probably looking at a serious top of sorts here, the two year down trend line has stopped the rally, it has for the past week or so... today, that line comes down to 1089.71 for the futures, that's about 1092ish for the cash market, that's right where the market stopped today's rally... I had one sell signal last week, a minor one, but I think today I may have a major sell signal, I've yet to crunch the numbers... if we break 1070.00 if the futures, then I think we'll see another big wave of selling...

GZ