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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 (22713)8/3/2011 8:51:29 AM
From: Gary105  Read Replies (1) | Respond to of 220478
 
The way P&F's work, first hit one target (although possible to overshoot), then a countertrend rally to establish a target in opposite direction, etc. So I think 1140 then sizeable rally to lull people into false sense of security, then downside to 905. I have no idea of timeframe. During normal times something like this might take several months or a year. Given market volatility, this may be possible in as little as a few weeks.


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