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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: fred woodall who wrote (3646)	5/7/2010 2:19:58 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 220503

I think you're right, the high is in, the next rally will not make new highs, in fact there will likely be a lower high and then new lows, I suspect yesterday's low will be tested and fail, we are more likely to see new lows now before new highs... if this market can close above 1140ish, then we'll see that rally back to 1200ish, but otherwise this market is finished for a while and going lower... of course, when I get a buy signal I'm a buyer up to that lower high... GZ