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


To: GROUND ZERO™ who wrote (11152)10/10/2010 2:50:28 PM
From: Hawkmoon  Read Replies (1) | Respond to of 220441
 
Maybe, but I think we're going higher than you suspect...

I truly hope you're correct. Although I've become increasingly bearish since the Flash Crash and what appears to be a huge H&S formation in the markets, I have no interest, or wish, for the US economy/markets to crash.

But it's hard to ignore these two charts.. ;0):

stockcharts.com

online.wsj.com

Of course, if we can manage to break the H&S by sacrificing the USD, which is in it's own H&S decline, we may find some balance.

I'd just be happy with a trading range for a couple of years as we clear the toxins out of the economy.

Hawk