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Post# of 79025
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Torqputty

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Alias Born 01/28/2006

Torqputty

Re: None

Tuesday, 02/21/2006 5:55:28 PM

Tuesday, February 21, 2006 5:55:28 PM

Post# of 79025
Patterns & Market View (comment only)

scanning thru public charts i see different patterns emerging, bullish flags, bullish wedges, trendline break-downs, resistance break-outs, macd up, $nasi down and my favorite SECTOR Rotation.

So what does it tell me?
It says there is a no clear trend in place, its says wall street does not know which route to escape and it says take your profits quickly. Conflicting indicators plus Sector rotation tells me market direction is down until the bull/bear battle is over and until we get an un-obstructed view of upside.

lol and happy trading

TRADING TOOLS
http://www.investorshub.com/boards/read_msg.asp?message_id=10351753

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