<< You appear to be right> GG, i am taking this literally day by day, i never take GURU stances as i am Anti-Guru:), i simply waitt for a signal where i will say "it is a near certainty the highs for year ARE in---i go , as i say, totally on ticker action, nothing else, as the unbreakable pattern of the past almost a year is to Rally BEFORE a breakdown point is reached, or , in one case to RALLY FEROCIOUSLY! on breaking a key point just briefly around 7/13.
My last SPX point i required was a close below 1015, without a Awesome Rally off that break to call highs are IN.
On hitting 1046(then a direct hit of 200ema) i said next real resistance was at 1085, it broke through that--so NOW we are testing 1085 again, but now as a suppoprt line.
The The Spear Report says they will NOT commit to the Highs are IN, until a break of the DOW at 9800.
For the moment, regards SPX i am sticking with a break below 1015(without a FEROCIOUS RALLY then happening).
The SPX 200ema is NOW 1051, which will be the first MAJOR MAJOR support.
My key point for my the personal reasons of how i plan to play this year(i have MAJOR Patience!:) is to come to a near certain CONVICTION the highs are in----then i can maneuver with more abandon.
i play as person closing in on 69 and with enough money in hand for 12 years---so i do play with major caution---starting in the fall of 1998 i played with hair raising wild abandon---i was really WILD!!!!!!!!!!!!!!!!(My need then was great to take the road of abandon:)
One need trade , imo, according to one's needs and one's age.The Maxer.
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