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

To: Underexposed who wrote (91337)	4/2/2017 9:15:00 AM
From: GROUND ZERO™	2 Recommendations Recommended By Hawkmoon rayrohn Read Replies (2) \| Respond to of 218451

For that index, the break below the January low I classify as suspicious... right now we could still see it rally since it's now already a bit over done but the break below the January low can't be ignored or dismissed too quickly, it must be watched to see if any further weakness develops or if it can find the muster to recover... I'm not calling any top or bottom, I never do that except on a quick intra day basis for a possible day trade, with this chart I'm merely commenting on my observations which cannot be refuted... do you not see the January lows taken out??? My friend, there are more and more market indices showing the same suspicious behavior, look at the DOW Transports, they also broke below the January lows... do you not see that??? Sure, all of these markets could recover, I have no problem with that, I'm not a bull or a bear, I don't care which way these markets go, I have no preference, but simply to ignore and dismiss the obvious is a dangerous strategy... GZ