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Strategies & Market Trends : Market Guru of the Month Contest -- Ignore unavailable to you. Want to Upgrade?

To: BlueSpruce who wrote (480)	8/23/2010 9:44:04 PM
From: GROUND ZERO™	Read Replies (3) \| Respond to of 17549

LOL!!! Actually, all sell signals are alike, you never know whether the market is going to back up for a few points and then rally, or if the market will crash... all signals look alike... what gives the signal its own distinct personality is how it reacts to the vertical price... Once a market reaches a vertical price, it should have a spirited rally and more than likely never return back down to the vertical price... in this case, the rally was anemic and the market is now again approaching the vertical price... this means the market wants to go lower, down to the next vertical price of 1011.40 and then maybe even 940.30... (gulp)... GZ