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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 (33936)	6/21/2012 4:32:48 AM
From: Gary105	4 Recommendations Read Replies (1) \| Respond to of 221959

From a longer term perspective, it looks like market is rolling over. Its current test of 50 d MA looks like it will fail. Next stop could be 200 d MA from which it bounced during last test (as it nearly always does on first test). Next test of 200 d MA could be very interesting especially if it fails. The patterns take a while to play out. My scenario is deep market drop over time precipitated by either recession, debt crisis or both.