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 690.27

0.0%

Dec 26 4:00 PM EST

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To: penthouse mike who wrote (44911)	1/30/2013 11:35:03 AM
From: GROUND ZERO™	Read Replies (1) of 220715

Still the same, it's moving closer, but not by much... the 1528.90 price above the market is not a VP, it's more like a ceiling price... it would take a near miracle to move above that price, it's not a resistance line in any way, it's a model ceiling price, and it's rare that we ever get near one, but ceiling prices are always there, generally very far above the market, but this time we're approaching one of them... and if it did get up there, then it is very unlikely to close above it today... that ceiling price will probably move lower tomorrow... so now, the market is trapped between a VP which is still below the market and a ceiling price above the market... so to speak, the noose is tightening right now... I suspect it will all come together on or before February 6th, which is the deadline date for this rally to end, according to my model... GZ

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