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   Strategies & Market TrendsBuy and Sell Signals, and Other Market Perspectives


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To: Joseph Silent who wrote (37041)8/28/2012 2:21:58 PM
From: chartseer
   of 164136
 
our support is now our resistance? Is that bullish?

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To: penthouse mike who wrote (37049)8/28/2012 2:26:04 PM
From: GROUND ZERO™
   of 164136
 
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: GROUND ZERO™ who wrote (37051)8/28/2012 2:30:55 PM
From: chartseer
   of 164136
 
How is this for a Classic Topping Pattern?


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To: GROUND ZERO™ who wrote (37051)8/28/2012 2:33:47 PM
From: chartseer
   of 164136
 
Or this as an over bought market leader?


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To: GROUND ZERO™ who wrote (37051)8/28/2012 2:35:43 PM
From: chartseer
   of 164136
 
If I am bearish you can bet your life the market will rally. Though I must warn you that on rare occasions I have been right.

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To: chartseer who wrote (37052)8/28/2012 2:46:22 PM
From: GROUND ZERO™
1 Recommendation   of 164136
 
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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To: chartseer who wrote (37053)8/28/2012 2:47:22 PM
From: GROUND ZERO™
1 Recommendation   of 164136
 
Personally, if you ask me, I think this market is over bought but it can get even more overbought through election day...

GZ

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To: chartseer who wrote (37054)8/28/2012 2:48:11 PM
From: GROUND ZERO™
1 Recommendation   of 164136
 
LOL!!! I know the feeling very well, you're certainly not talking to a stranger here...<g>

GZ

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To: GROUND ZERO™ who wrote (37056)8/28/2012 2:55:51 PM
From: FCom777
   of 164136
 
What makes you think the powers that be want Obami back ? Based on your logic, wouldn't that be the fundamental reason why the manipulators would push the market higher thru election day?

I frankly think they want Romney in there .... although they did publish a report some time ago suggesting Romney would can Bernanke ... I don't believe that for a second - plus I'm not sure the Prez could if he wanted to. Wasn't Bernanke just recently elected to a multi year term? What is it 5 years for Fed Chairman?
I'm not sure ..

This market action looks like big time distribution to me - if so, we should be heading lower soon.

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To: FCom777 who wrote (37058)8/28/2012 3:05:29 PM
From: chartseer
   of 164136
 
Eventually we will be heading down. It all is when? September starts Saturday. Then October 30 days after that. I always fear being long for September and October. But hey that is only me.When I worked at the stock exchange I always had my 401k in market index funds until September and October then I switched to bond funds. Thene back again in November until the next September. Missed the big sell offs.

Ah! Those were the days my friends
I thought they would never end.

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