Replies to post #46700 on Short Term Trading Member Forum

[techcharter]

Bliss, ger...

After today ther is still a chance, although very small, that THE top is in. From an E-wave standpoint it makes no sense for a long rally to form a multi week ending diagonal just to have a little correction instead of the start of a long term selloff. TRAN and RUT put in highs a month ago. NDX is about to take out the February 2012 high.

This topping process has been long and drawn out, lulling people into the bear trap. Sounds more like fox behavior than bears.