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

To: llap who wrote (8974)	9/10/2012 4:33:42 PM
From: zman69	Respond to of 41148

We shall see. After today's breakout failure for QQQ I am giving equal probability to a sharp decline onto early October instead of the melt-up scenario. Of course what is critical here is how we end the week and that will depend on what Bernanke does. Bernanke needs to go BIG shock and awe style this week to give us the melt-up scenario into October. Will he rise to the occasion or let the hawks back him down? The action in precious metals today is hinting that it may be the latter so I am cautious.