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 694.07

+0.7%

Jan 9 4:00 PM EST

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To: fred woodall who wrote (2339)	4/12/2010 7:38:37 AM
From: GROUND ZERO™	1 Recommendation Read Replies (1) of 221622

My model has a nearby overhead vertical price (VP) of 1196.40 which it appears was already hit overnight... the fact that it sold off from there is not good news, but the daytime trading has not yet started, anything can happen, that VP is not a major one... more critically than that is a 1193.20 VP, a little more significant, we must close above that price today for this rally to continue without interruption... maybe we're all getting a bit too exuberant for now, especially me...<g> GZ

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