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


To: expiredoptions who wrote (43912)1/16/2013 11:30:22 AM
From: robert b furman  Respond to of 221925
 
Great report!

I missed the weekly notation.

The ensuing market dump mostly happened after agreement was made - kick the can wasn't recieved very well.Then came the down grades and a double bottom gave every one more than enough time to reload discounted stocks:

screencast.com

Bob

I'm printing this one and keeping it by my computer - if our politicians kick the can one more time (that's my cynical bet) March through May won't be pretty - especially if we get another rating joining S&P or worse??

Thanks for the great work!!

Note we had a double top just before the collapse.

Thinking May 2nd was an orthodox top and we had a false B wave top on July 7th which failed to reach new highs on July 21st and it went to heck immediately after that.

The 64 dollar question is:

Is it deja vu all over again?

screencast.com