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 670.21

-1.1%

4:00 PM EST

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To: penthouse mike who wrote (44006)	1/17/2013 1:09:04 PM
From: GROUND ZERO™	Read Replies (1) of 218498

Thanks... I'm going to give it some room because the cash SP market reached within 10 points of a possible major top, presuming the pattern works... so, we could close very strong today, and maybe even open higher tomorrow, and then go down tomorrow throughout the day, which is option expiration day... Here's a very long term monthly chart which I find very plausible... either way, I think this market should weaken some this afternoon... then, we'll see what it does, whether it rallies again or stays mid range into the close... Also, tomorrow is the 18th of the month... markets are the weakest between the 19th and the 28th of the month, the strongest between the 28th and the 6th... in fact, if you buy the SP on the 28th of the month and close it out on the 6th of the following month, and stay flat the rest of the month, you'll make lots of money... take a look at the last 6 months (or longer) of the SP chart and see for yourself... Message 28669297 GZ

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