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

To: techtrader73 who wrote (90585)	3/14/2017 2:11:08 PM
From: GROUND ZERO™	Respond to of 218673

Another quick note about that monthly chart which shows an over extended market right now outside the Keltner 5 channel... just because it's way over extended, it doesn't mean it has to begin moving lower today, that's a monthly chart we're looking at... if we notice, the decline is pretty much guaranteed, but it could take another month before it begins... so, even if the market does actually continue higher between now and then, that chart shows that the decline will more than always surpass the level at which the extension began... this means even if this market rallies more from here, it will very likely correct back down far below today's level... so, we'll see if this actually pans out... this will be an exercise in patience... GZ