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 689.10

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Jan 23 4:00 PM EST

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To: GROUND ZERO™ who wrote (28470)	1/18/2012 5:29:34 AM
From: Hawkmoon	1 Recommendation Read Replies (1) of 222325

I may be incorrect, but I get the sense that we're getting close to a short term (intermediate?) top in the SP500. Marty Chenard at Stocktiming.com reports that he's not seeing the kind of cash inflows normally associated with a major move to the upside. And we're starting to bang our head against 1300 resistance now. Marty hasn't issued an official sell signal, but he's concerned that this market doesn't yet have what is needed to go higher and break through this resistance level. We'll see what events/news occur in coming days that validate or refute that theory. Hawk

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