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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 (36585)	8/17/2012 9:29:58 AM
From: penthouse mike	Read Replies (1) \| Respond to of 222671

This is the second day in a row where ES has traded 2 points below the sell signal and then reversed back up over the sell signal price. I wonder if this implies market strength coming?

To: GROUND ZERO™ who wrote (36585)	8/17/2012 10:45:27 AM
From: Joseph Silent	Read Replies (3) \| Respond to of 222671

Just a small update on where we are on the dailies ....................................... The space between the white dashed line and yellow dashed line is now important. The yellow dashed line may (or probably will) act as an attractor. We are negotiating the green channel, having crossed the midway point. If we are repelled, it will be by the top of the red channel. If so a short term top around 1430 may be in the works (next week). This is only a guess, with no great insight, due to many things converging.