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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 695.56

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Jan 28 4:00 PM EST

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From: Fintas	11/14/2012 10:00:55 AM
	2 Recommendations Read Replies (2) of 222561

GZ.. .. Here's something to consider. Whether we go to spx 1360 first or spx 1423 watch for spx 1324/1297 and then 1270. WHY? Spx bp sits at a 61 and there's plenty of room to take many a sector in the bell curve down. The bell curve is at 48 and down substantially and at 48 but lots of room to get back to the 37 ish from where we lifted. Doing that and taking it to the extreme of a 1270 is no biggee when one considers we lifted from 1074 back in 2010. and at a 1297 or a 1324. Well the 1324 used to be resistance so if turned out to be support that's ok for the bull view. So again near term a bounce is possible. Just don't get too giddy for it will be just a bounce that will fail till we get that base in. IMHO As for gold. 1770 and 1550. Take a number. Near term 1770-1790 but after that expect it to roll. and the 1550 is where there's lots of support. As for the dollar I'm seeing .83. It could push to .85 but .83 has to be hit first. After that then a drop to probably build support. I'm not seeing 1 any time soon. I'm not sure if you have PM but if you do or any other that is the best way to catch me. Until. Be bullish but remain objective as you always do. Those that do the 1000 biggest up day ever will continue to wait. Those that were only seeing 1500/1600/1900 are now facing the reality of spx 1300's were coming. And here we are. Fintas.

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