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 671.93

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Nov 14 4:00 PM EST

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To: GROUND ZERO™ who wrote (10001)	9/15/2010 12:21:55 PM
From: TraderMann	Read Replies (1) of 218862

Not sure about that... If it hits the top again, I'm shorting again or breaks 1113 on downside. I feel we will revisit the 20dma (around 1086 or so) soon enough, it's a strong magnet pull, hence why I said 1090 target (EW). History has proven that. This along with the techs I watch indicate we are very near a temp. top. I know that is against all except Chip. That said I will go long with a strong break at 1131 and especially on a pullback I expect. Keep in mind market has been up like 9 out of 10 days, that's a lot in a short time and that alone needs a little relaxing of the rubber band. Am I crazy, maybe. :)

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