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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?


To: Z-M-L who wrote (6438)9/6/2011 11:47:35 AM
From: robert b furman  Respond to of 41179
 
Excellent recap.

Thanks - I think.LOL

Bob



To: Z-M-L who wrote (6438)9/6/2011 12:25:35 PM
From: llap  Read Replies (1) | Respond to of 41179
 
1 of 5 down could be (about) over here. A normal 2 of 5 could close all the gaps up to 1200ish for a 50% retrace before rolling over into 3 of 5 down with new yearly lows. If we are to see new lows that is.
One important development to look at is the US$. It could be going up from its (more than) decade long slump. This could be a real game changer for everything, particularly commodities. Note how th US market holds up best here as well and emerging markets get trashed most.