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


To: chartseer who wrote (33077)6/3/2012 5:18:07 PM
From: Gary1051 Recommendation  Respond to of 222647
 
Dow broke below upward sloping blue line and is now in downtrend. The significance of the S&P price target is that it is well below blue line and would also mark S&P downtrend. Therefore my expectation is a bounce off blue line (usually happens) (new x column) followed by downtrend piercing blue line (then new o column) with initial downside roughly equal to price target.