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 694.04

+0.7%

Jan 9 4:00 PM EST

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To: Zeddie88 who wrote (6092)	6/23/2010 12:07:02 PM
From: GROUND ZERO™	Read Replies (2) of 221579

Excellent questions... - Does your model show what level we might pull back to? No, but it typically pulls back no further that the original breakout point, that would be the worst case, and that level is 1065.30 to 1072.50 or so... Does it show what level we might then re-bound back to? Yes, and that would depend on how deep and how many days it continues to pull back... for the sake of example, if today's current low is the actual low of the pull back and today is the end of the pull back, then the next overhead vertical price is just about 1135 or so, I have to crunch those numbers, but just by eye balling my model I can see 1135ish to be the next area where we'll find serious selling once again... Very nice... ni hwei kan pau ma...<g> GZ

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