Welcome To the Stock Synergy, Momentum & Breakout HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
Message: anything can change on a dime's notice

anything can change on a dime's notice

posted on Feb 04, 2010 12:53PM

At this point if much more damage is done it almost looks like mid term supports which we are at now on some of the stuff i looked at...ie...img.....if those charts break then our relief rallies will be only to take us back to test the broken trend and point very much to a longer term cons. We'll see how this plays but if recent lows do not hold then we may be looking further out for any significant stock appreciation. Having said that if a reverse run starts on gold then investors may be clamoring into stocks....it will be interesting to see what happens here.......if more chart damage is done it may take time to heal those wounds unless a real massive rally takes place. They did say the faith of the longs would get shaken and we may be on the verge of that. So either we turn soon or we burn soon......maybe a bounce as Klaus ment. and then further down thru summer or just down....orr a big rally to save the day....not sure which to bet on yet.

Share
New Message
Please login to post a reply