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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: Joseph Silent who wrote (8781)	8/23/2012 12:38:42 AM
From: trader69	Read Replies (1) \| Respond to of 41117

a few more reasons why 1426 does not smell like a top. 1. Waay too many chances for the bears to get short 2. Any bulls trying to get in after Aug 3rd are probably finding it really hard to pin an entry without getting stopped out. 3. A 4 point blow by the old high and then drop is way too obvious as resistance. I'd be very surprised if the 1426 was an intermediate term top...but I've been surprised before too. LOL Thanks for the charts. very nice. Cheers.T69