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 683.70

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Dec 8 4:00 PM EST

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To: Roads End who wrote (51006)	5/30/2013 3:29:09 PM
From: Fintas	of 219733

Truth is most of my targets are reasonable to those who are not emotional. As to when? I'm gaming before March of 2014. I suspect at some point it will be obvious the fed has ease up, yet it will also be obvious the QE3 did a good job to prevent a recession but not good enough to hit the numbers needed. The selling will begin much sooner. Pick up more steam as things go along. ALBEIT with BOUNCES. APPLE is good example to see the bounces. That is why I use the GRIND GRIND. Some drops down will be quick and others will have to work thru supply. YET in time suggested or SOONER the retracement will occur. I have different strategies built around all possibilities. The strategy and target/TIMELINE for the SPXU/SQQQ is different than for the SPY, SPX. Ditto re core. Ex I DO NOT sell GE. I just write covered calls OR BUY calls if the numbers work. Here and NOW no CALLS. EX. I've been selling covered calls on BAC. Do I expect it to go HIGHER. OVER time YES. But do I expect anyone to buy them out and see the stock at 25 over night. NOPE. I expect BAC to grind it's way to the 14 area or 15 and at some point retrace to make it's way to 11.40 ish. The indexes have had a very nice run. But % will kick in for I'm not the only one that understands the move from 1260ish to 1687 in less than a year. Who really thinks that is sustainable? Who thinks we are going to have back to back similarity. Who thinks we add on another 10% from there. Or perhaps do we pull it back 10-12-15-18% ALL doable numbers and as the talk now is rotation from the x to y. Have a good one. OH and re TIME diminishing products. I don't fall in love with them. I can close or shift in a moment. Fintas

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