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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 690.270.0%Dec 26 4:00 PM EST

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To: GROUND ZERO™ who wrote (34321)6/29/2012 11:44:01 AM
From: robert b furman2 Recommendations  Read Replies (1) of 220739
 
I'm also wathing the $spx high of 6/19 @ 1363.46.

Several E waves out there that would put us in 3 of 3 of 3 - Big long massive move if so.

Lots of shorts caught up in the 4:30 aa.m. announcement of save the banks and kick the can again.

Seeing the problem is the key to resolving the fiiscal lack of disciplin.

Good to see the market enforcing reality.

Too much debt = higher soveriegn rates
Equities can go up when commodities go down - there is a looming crude glut
Equities can go up when Dollar strengthens and commodities decline as margins increase - greater corporate profits even in euro land people eat still LOL

It is becoming a reasonable market - that is scary to say!!

Bob

Oh yea - did I tell you health care is now free? sigh
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