Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (13184)	6/7/2012 3:14:11 PM
From: ggersh	Read Replies (1) \| Respond to of 33421

"The public" who else.

To: Augustus Gloop who wrote (13184)	6/7/2012 6:03:25 PM
From: Hawkmoon	Respond to of 33421

The problem is someone has to lose under that scenario so how becomes the sacrificial lamb? The little guy, of course... But only if they don't have the patience to hold for the long term.. (will be the explanation).. That SPX monthly chart is pretty compelling when it comes to showing tops and bottoms along it's bollinger bands. So we can swing in between 1400 and 1150 without doing any major technical damage. But the problem (opportunity) with a Bollinger Band "pinch", which is especially rare on a monthly chart, is that the following move is likely to be extremely massive. bigcharts.marketwatch.com And the past history of the SPX indicates this kind of BB pinch in 2001, 2008, and this year, and in all cases it resulted in a hard sell-off. Hawk