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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: FCom777 who wrote (43034)1/3/2013 9:23:09 AM
From: Fintas   of 176666
I stated the other day to EXPECT a bounce. HO HUM. I also stated it will fail. Not if but at what level.

As it does, then expect another bounce and that too will fail. NOT if but at what level.

MOMO spx moved to the 75 area on this bounce. There's a bit more. Once that is reached then down to retest to bounce to then retest and bounce and then retest UNTIL 22-30 is resolved. It will take TIME.

What does it mean re SPX. HECK if we push high enough then forget spx 1150. And then spx 1270. But ol spx 1296/1305/1324 will be in sight until the numbers say they can not be. Sort of like those who are waiting to buy F at 1. or GE at 9. Don't hold your breath. So it is with spx 950. BUT SPX 1300's are still in play.

A close and hold above SPX 1486 will give the kiss of death to spx 1270.

NONE of this has a thing to do with a longs core positions. LONGS just hold onto them when they own them at bargain prices and enjoy watching others hope to get in.

Until, I see numbers that support things can not happen, as a bull I enjoy green but as one who is objective I also understand the difference between a solution to our debt and what was just passed.

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