To: penthouse mike who wrote (37049) | 8/28/2012 2:26:04 PM | From: GROUND ZERO™ | | | No, I think time is running out for the downside right now... it could still work lower, but in a few more days we could already be looking for a buy signal... curiously enough, this sideways action could actually be the pull back itself... and if so, then the next rally could be a whopper... it's still too soon to tell, but I'm willing to bet on it and stay long...
GZ |
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To: chartseer who wrote (37052) | 8/28/2012 2:46:22 PM | From: GROUND ZERO™ | | | Under "normal" market conditions, I would fully agree with you... but this market is so completely manipulated and this is also an election year, you have to expect that the FED is doing everything it can to keep this market from collapsing... wait until January if you want to see a market collapse...
GZ |
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