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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 692.24+0.3%Jan 15 4:00 PM EST

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To: Vendit™ who wrote (44718)1/28/2013 12:20:30 AM
From: Fintas  Read Replies (1) of 221859
 
Nice pretty colors on the chart. It's going to the moon I tell you. UP UP UP and away. NO stopping it.

Well, maybe just maybe some of those other indicators will begin to roll over and when they do just dip a bit and turn up to keep the UP UP UP going and going ON dancer, to 1520, on donner to 1540, On prancer to 1560, and keeping those other indicators up as well.

BUT, BUT, if those indicators begin to roll, lift a bit and roll then some might want to consider just how low the spx will turn down and how long it will take to do. One can expect the buying on dips. BUT...

Those looking at your chart will see that there are clouds below and those clouds will not do well as support. It takes MONEY to do that and when money is leaving it tends to do so longer than expected.

What happens when the timeline of the chart is expanded to 1-2-3 years. Often when one is looking forward it helps to see where one has come.

Just my opinion and a bit of experience

Fintas
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