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

SPY 687.70

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4:00 PM EST

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To: GROUND ZERO™ who wrote (51152)	6/3/2013 10:51:07 AM
From: Fintas	1 Recommendation Read Replies (1) of 221298

If I remember the last time you went on a cruise it was better to be LONG. SMILE. I'm comfortable with the downside. The only glitch is one has to be realistic with timelines and premium if playing with options. By the way if you see spx 1630 from this view. Ok 1620 + 54 = 1674. The above is fluff. And yes if one wanted to use a 81 value then 1711 is there BUT to get there it had to do the 108 above 1620 or 1728 and that was unlikely given the move up. So now we drift down from the 1674.NOT the 1687. That was but a few micro strings above aka fluff. And to reverse down from the 1674 well 54 in reverse. So we did the 18 to the 1656 did another 18 to the 1638.. AND common uze can do it. I.e Complete the 54 from 1674 to the 1620 So as you noted we got to the 1630 so another small string but NOT enough. NOW your view of could we bounce to the 1648-1656 ish. Well it's there. After all 1656 is a number. YET from that 1632 and NOT 1630 well 6 or 1638 plus 6 and 1644 yet the magnate is 1620. That 54 string will be completed down just as it was UP. Whether one understand these numbers or not there's enough out there re technical to see it. As that happens then it becomes -54 from the 1620 to the 1566. Then the debate of do we go to 1550-1512. As many have put up. My work would say from that 1620 the experience says rarely do we end with one string UP or down. So that would suggest the 1512 and under that 1458. ONCE we get there then if all is good UP. I expect the numbers to be so so and I expect the large to go defensive and that will allow for under 1458 to the 1300's. NOT the end of the world and NOT an excessive move down. IN fact one of TV this AM was looking for 10-15% correction. While STILL expecting equities to do well over time. I agree. Ok that's it. I'm off to Vegas in a few. Fintas

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