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

To: FCom777 who wrote (36674)	8/20/2012 12:37:25 PM
From: novice_trader_81	3 Recommendations Respond to of 221917

I exited all my positions, I am not long or short... My signal for tomorrow and the short-term is 65% chance down, that is not too much so I am staying out until this market can figure itself out. As for today, I would not be surprised if we end in the green, but the last hour of trading will confirm that...

To: FCom777 who wrote (36674)	8/20/2012 12:41:19 PM
From: Joseph Silent	Read Replies (1) \| Respond to of 221917

>>> rapid exhaustion move to the upside before turning lower for good. Usually these moves are on the order of 20 S&P points ... that would put us in the 1425 to 1445 range. That is what most people (including me) expect, I think. So I would not be surprised to see a top in the 1450-1460 area too. However, I don't think it will be a very significant top, or a top for good ---- though we may correct 100+ points, who knows --- because (a) most are looking for that, and (b) we are getting into a season where volatility will strike but outcomes are positive in the end. Whatever happens, it is going to be interesting.