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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 (11640)	10/21/2010 5:01:40 PM
From: TraderMann	Read Replies (1) \| Respond to of 222986

My feelings on the Equities indexes are that we were in a trading range of 1168-1178 (consolidation)sideways zigzap per EW and the SP index (one I play the most)movement broke thru to the upside well above the upper level, but has not shown the strength to push much higher nor the strength to close at a the higher rally level. I believe that many fund mgrs and traders are cautious of this 150+ move with little correction, but are still bullish here. My opinion is that the dollar and equities will battle it back and forth over the next few weeks, so we will continue this up and down movement. Nonetheless I am still bullish as the majority are, but taking the fast finger approach to my trading as of the past month. It seems that the market needs a spark to get it up and out.