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

To: Copeland who wrote (8610)	8/11/2010 9:31:13 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 218590

Up one day, down the next... and then repeat...<g> GZ

To: Copeland who wrote (8610)	8/11/2010 10:54:23 PM
From: clew less	Respond to of 218590

The EAFE's formation is quite a bit different than most indicies. The head is essentially a double top, and the right side of the head dropped below support. If it plays out, it will end with a triple top, with a target of around $58. That leaves a solid 15% from the close. I'm predicting a similar target, then a retracement -- cup with handle, or reverse Hns bottom. The CPI met consensus, and it seems like China shrugged off the number as being a peak, as it was largely food/feedstock prices, which soared because of the flood. PPI came in real low. It looks like a near certainty that China will relax curbs. That's our next catalyst, IMO.