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

To: GROUND ZERO™ who wrote (36301)	8/12/2012 8:56:36 PM
From: Oblivious	Read Replies (1) \| Respond to of 223381

I'm adding to my shorts now.

To: GROUND ZERO™ who wrote (36301)	8/12/2012 9:34:03 PM
From: Wayners	Read Replies (1) \| Respond to of 223381

GZ that's exactly what I've been watching but your charts appear cleaner than mine and more perfect. Is that a log scale or arithmetic scale on prices? Be very very careful because as you have drawn this, it's a classic reversal pattern. There is NO fundamental reason for prices to be this high. The central banks reneged on their hot air and the markets should have sold off right then and there. They didn't because the technical level you drew had not occurred. The volume dropped off to get us to the level. This is going to get sold hard.