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 691.72

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Jan 16 4:00 PM EST

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To: Vendit™ who wrote (44721)	1/28/2013 9:34:22 AM
From: Fintas	2 Recommendations Read Replies (3) of 221965

As a perma long I just do the work to determine upside numbers and then sit back and watch how they play out. As they play out there are always opportunities. The fact is SPX 1500 is nothing new. It's simply a retracement from where it fell. As this has played out some sectors fell out of favor and some are now in favor. So too the stocks within. So as an APPLE stumbles a NFLX rises from the grave. ONE eye watches to see where APPLE bottoms and the other watches where NVLX peaks. The spx will roll and at this moment many are now preparing the herd for 5% downside. As that turns to 10%-15% it will be fun to hear the REST OF THE STORY. If one looked at it this way. So what if Ge pushes to 24 and then retraces 10%-15%. NO big deal Wasn't a big deal months ago from the near 24 and won't be a big deal on the next retracement. The big deal will be missing the opportunity for the push to not just 24 but to 29 and not having wrapped oneself with long term calls at the right premium and time. IMHO. Fintas

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