Buy and Sell Signals, and Other Market Perspectives Message Board

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

SPY 687.72

+0.7%

Jan 5 4:00 PM EST

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To: penthouse mike who wrote (50120)	5/13/2013 1:40:33 PM
From: GROUND ZERO™	1 Recommendation of 221337

Realize that a VP tells you where the market is extremely over stretched... 1623.10 is clearly showing this, e.g., for four consecutive days this market has not rallied, it has stalled completely so far...now, it could break loose and explode higher considering the steady money injections this market is receiving, but a four day stall at the VP vicinity shows that this major VP still has an influence on this market... until this market breaks from the gravity pull of this major VP there is still a reasonable chance this market could begin to unwind, and the ideal place for any unwinding would be at a major VP such as this one... this is why I'm willing to stay with the short side and of course with some protection with in the money written puts, just in case... GZ

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