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

To: chartseer who wrote (39680)11/1/2012 1:59:10 PM
From: Chip McVickar  Read Replies (3) | Respond to of 218838
 
High ploe - low pole warning.... see if you can access this discription...
If not... you might be able to by signing up for the free chart offering...?

The high pole warning is given when a chart rises above a previous high by at least 3 boxes but then reverses to give back at least 50 percent of the rise. The reversal implies that the demand that was making the prices rise has given way to supply pressure. The pattern is a warning that lower prices could be seen in the future.

stockcharts.com



To: chartseer who wrote (39680)11/1/2012 3:01:15 PM
From: GROUND ZERO™2 Recommendations  Respond to of 218838
 
Here's the SP futures chart going back one year... except for a three day bear trap at the bottom, this market is moving steadily higher, and with today's buy signal it looks like we're going to see yet another major leg higher... I think SP 1600 to 1650 is not out of the question by late April, 2013...



GZ


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