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 687.96

+0.5%

Dec 23 4:00 PM EST

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To: Vendit™ who wrote (45069)	1/31/2013 5:48:12 PM
From: robert b furman	Read Replies (1) of 220598

You bet, This has been a good solid run. If we have just a 5-6 day correction into WWW then I think your higher support will work. If this wave is 5 waves and it is just the A of a longer ABC - then even if we hit a marginal new high on the B wave in 2-3 weeks(after expiration),we may find ourselves deep into the doo doo of sequestered cuts and political mud flinging over the debt ceiling extension.My bet is it will last longer than any of us want to endure. Then we could be mired into March - July with a lengthy and time consuming 5-3-5 zig zag that's where 1350 - 1300 could come into play. Not saying it will,but if it does - I sure want some dry powder to play H2 of 2013 with. As you can tell I've sold off my short term trades and dream about double tracking that which I've already traveled. Its OK to have greedy dreams eh? Bob

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