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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 (39994)11/7/2012 4:19:11 PM
From: Chip McVickar2 Recommendations  Read Replies (1) | Respond to of 220746
 
Good chance its completed...

If not we'll see dow 12562.10




To: GROUND ZERO™ who wrote (39994)11/8/2012 1:16:43 AM
From: Gary1051 Recommendation  Read Replies (2) | Respond to of 220746
 
Longer term we fill gap in the 900 area or below. Uncertainty between now and year end. Unless we crash lower in the next few days, I think we build base in this area with year end rally possible. I say this because P&F for Dow has hit its near term downside target. Generally dowside target is followed upside, then downside, etc.
stockcharts.com

The negative in the above is that chart looks like we have entered longer term downtrend

S&P chart is a bit different - almost hit downside target, longer term is still in uptrend
stockcharts.com