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 671.91

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Nov 14 4:00 PM EST

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To: Gary105 who wrote (32115)	5/14/2012 1:22:18 PM
From: robert b furman	2 Recommendations Read Replies (1) of 218841

I'm believing the EW call that we will have a 5 wave V up. I think this week is toast due to options expiration. They have taken the market down into last week wednesday and then dropped it even more. I'm expecting volatility but no new lows> I think the boys wanted to take premium out of the calls which had a big Open Interest.That has been done,but they don't want to give out any inventory so we fluctuate around current levels till expiration happens this Saturday. Then I think we reverse up Clx studies suggest lift then, and an V wave up is due to complete a long and successful V up into July. It should be long and strong and invite those in at the top as almost everyone thinks Sell in May and go a way is the dominant theme. No one retail is on board. That's a perfect set up to then go into a corrective major 3 wave down iv down, that will be marked by max confusion and last up until the election or it becomes clear Obama and his anti business presidential policies are not valid for another 4 years at which point we will BLAST Up and OFF into new highs. That's my story - I can't prove it, ut I'm sticking to it. <smile>

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