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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 (33750)	6/15/2012 9:38:46 AM
From: FCom777	Read Replies (3) \| Respond to of 219238

fwiw ... the composite of individual stocks I track supports your view ... that's not to say that the PTB won't push prices the other way ... but the overall market looks very sick ... below is the index price chart with 50 and 200 day moving averages. Usually, 50 day MAvg cross overs give decent signals ... we're still well below the 50 day and the 50 day has now moved below the 200 day .... suggesting the longer term move is lower .... I'll post the p&F of the same index in a second post which shows formidable overhead resistance ... but then again - in a seriously manipulated market - the PTB feed off the bears and they could just be setting the market up for their next ka-ching ... the 10 oscillator of 10 day price difference crossed the zero line to the up side ... good luck .... I'm personally waiting for a buy signal at much lower prices ... really don't like this market at all ...