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


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To: Keith Feral who wrote (43050)1/3/2013 5:21:31 AM
From: GROUND ZERO™
   of 164470
 
Yes, very possible, that's why I like covered call positions, especially around the VP regions... but I also think this huge gap higher could be the beginning of a mammoth gap and go rally that could last for a long time... this is exactly what happened in the first trading day of 2012, we had a huge gap higher and the market just kept on going... of course last year's 21 point gap wasn't like this years jumbo 37 point gap, but a 37 point gap is probably telling us something, and it's probably not all that bearish...

GZ

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To: Vendit™ who wrote (43035)1/3/2013 5:36:30 AM
From: GROUND ZERO™
   of 164470
 
THE FOLLOWING PRICES ARE THE UPSIDE VP LIST FOR THIS RALLY...

minor - - 1451.00 (already reached)

MAJOR - - 1476.40, due no later than Wednesday, February 6th...

There are currently only two VPs for this current rally, additional VP levels will be posted if and as they begin to emerge...

GZ

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To: Keith Feral who wrote (43053)1/3/2013 6:02:34 AM
From: GROUND ZERO™
   of 164470
 
I think the U.S. Dollar is not only going to move higher from here, I suspect the U.S. Dollar may very well have a substantial rally, especially as the bonds move lower and rates begin to firm up... this could only be more attractive to the U.S. Dollar in the long run... I'm going to take a long position in the U.S. Dollar today... if my entry doesn't put a top in that market, then nothing will... LOL!!!

GZ

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To: penthouse mike who wrote (43021)1/3/2013 6:03:10 AM
From: GROUND ZERO™
   of 164470
 
FYI: Message 28640243

GZ

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To: phlegmish who wrote (43048)1/3/2013 6:11:06 AM
From: GROUND ZERO™
   of 164470
 
Thanks, I presume you were directing your comments to me... I very much appreciate them... I fully agree with you, things have changed for the worst, especially for the self motivated well educated successful individuals, and this is why I've gone completely Galt as of 2012, this government will not get another cent from me this tax season... most definitely, see you on the bike trail, it's lots of fun, great fresh air and beautiful scenery along the way, enjoy!!!

GZ

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To: FCom777 who wrote (43034)1/3/2013 6:15:37 AM
From: GROUND ZERO™
   of 164470
 
Excellent post, I think you're right on all points, although I don't know if this entire gap will ever be filled, my hunch is that it will not be completely filled, this could just as easily be a breakaway gap, one of those gap and go type things...

GZ

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To: phlegmish who wrote (43048)1/3/2013 6:59:18 AM
From: Follies
3 Recommendations   of 164470
 
Going Galt to me is more than the government no longer gets my taxes, it is society no longer benefits from my actions. Phlemgish giving up practicing medicine not only deprives the government of taxes but deprives society of his medicinal skills. This is a fundamental factor which the left and class warriors don't see. When Obama says you don't need more than a million dollars he is ignoring the fact that you are providing a service and a benefit to society that you will no longer be providing if you stop working at a million. If no one made more than a million dollars our GDP would shrink.

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To: Follies who wrote (43061)1/3/2013 8:10:15 AM
From: GROUND ZERO™
1 Recommendation   of 164470
 
All true, but still, high end earners have every right to stop earning if they want to stop, no one is forced or obligated to "serve society" or serve anyone else unless they wish to do that as a personal choice... I would rather give my extra taxable income to my favorite charities than to give it to ovomit and his lazy leaches so they could piss it away on their lunatic pipe dreams...

Taxing the wealthy doesn't help anyone, in fact, it hurts the poor because that's less money going to charities, less money going to pay employees, less money going to provide benefits to employees, and so on... an idiot like ovomit is not in touch with the real business world and so has absolutely no clue how it works in real life...

GZ

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To: GROUND ZERO™ who wrote (43056)1/3/2013 8:21:38 AM
From: Vendit™
   of 164470
 
FWIW I show fresh momentum signals on the $SPX and confirmed stochastic buy signals. With the futures down I wonder if the MMs are showing another head fake but down instead of up as the indicators are showing.

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To: Vendit™ who wrote (43063)1/3/2013 8:44:19 AM
From: GROUND ZERO™
   of 164470
 
Thanks for that valuable info... I think the futures are down this morning because of normal profit taking, we've already reached the minor VP so it would be expected to see some selling here... but, the broader picture is still bullish, my model had one spectacular buy signal confirmation yesterday, so I think we're going to see higher markets through January, at least...

GZ

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