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

To: TraderMann who wrote (10708)	9/29/2010 9:54:42 PM
From: Wayners	Respond to of 222677

volume is light and it's easy to keep the market up in distribution mode, fleecing anybody buying at the top for more than a daytrade. When the distribution is completed the supports are kicked out. Anybody with good experience in TA is saved, everybody else as usual is slaughtered. Financial already beaten up many days ago and they are the SP500 leaders most often, without them there is no break to 116. The dollar cannot go much lower short term either without a relief rally. To bet on how any line or level will break is fool's work and true gambling. Let the break happen first, glance at the volume and buy on the next pullback, which will happen. Fools don't know in their sleep how markets move and think that if they aren't early they missed the train. Bullshit, the train returns to the station a couple times before moving to the next station.