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Strategies & Market Trends : Wolfgangrene's charts -- Ignore unavailable to you. Want to Upgrade?

To: Chris_Toronto who wrote (3646)	7/21/2017 11:04:13 AM
From: The Ox	Respond to of 3976

I like the concepts, Chris. Lots of upward targets have been hit lately and it would not surprise me in the least to see the markets take a bit of a breather soon, if not immediately. Pullbacks are healthy and we've seen too few over the past year and a half. We've seen a couple of days here and there, sideways for a few weeks here and there but no substantial pullback that would reset some of the bullish sentiment since Jan/Feb 2016. I respect the market's strength and it's ability to rally off nearly every important support level whenever a drop looks like it could cascade down. One of these days, that support will fail and we'll see just how many want to step in front of the falling knife. Not 100% sure we're at that stage but I think we're approach it.....