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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 691.81+0.6%Jan 6 4:00 PM EST

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To: GROUND ZERO™ who wrote (45827)2/9/2013 10:26:02 AM
From: Fintas2 Recommendations  Read Replies (1) of 221397
 
What I have found of interest is that the bulls often are quick to point out the flaws in a bears thought process but on this rally many forget that just as a bear can get to giddy to the DOWN so too a bull can get to giddy to the UP.

If you visit a few bull boards and read the posts, it's not optimism it' s blind love

So topping we are. And down we will go. I've provided the areas that I expect. I have presented possible scenarios. As you just have.

Will they play out EXACTLY. Don't know. Don't care.

What I focus on is a DESTINATION.

While doing so stay objective.

I have said we will return to the 1300's and have not waivered. Yet I aslo know we will take out 1620. Just not yet. Maybe later this year, Maybe next. HO HUM

Once again good stuff you showed in the Decision Chart. Then again Decision is worth every penny.

Finally we ground this out to this top.. I put up many a post that said such elsewhere. GRIND GRIND.

So we will do on the way down as level as level is taken out amidst the attempts of my fellow BULLS try to hold it up. I think they have forgotten the importance of SUPPORT! There's temporary and then There's permanent. SPX 1150 is PERMANENT. It could bend but not break. SPX 1324 has been added. It has yet to be tested. SPX 1478 will crumble. The guys who think that will hold are foolish indeed and have never seen a REAL structure collapse.

SPX 1494, SPX 1478..etc. will be seen and go..Spx 1458 will be hit as well. Then under like a magnet to the Spx 1405 as the STRINGS play out. A fib retrace plays out but from a further starting point.

Think of it as an elevator. What floor sir? Are we going up or down.. The wise bull replies Down sir. I have to go down to get some supplies. Spx x please. Are we there yet. Sorry sir it will take TIME.

Enjoy the weekend

Fintas
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