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 687.85

-0.4%

Dec 29 4:00 PM EST

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To: GROUND ZERO™ who wrote (45286)	2/4/2013 8:26:24 PM
From: Joseph Silent	Read Replies (1) of 220875

We seem to be following an old script, more or less. I don't know if the full pattern will repeat (and plain horse-sense says it's doubtful) ....... but if it does, keep one beady eye on an approx. 1460 target. Most likely, this strong a market will turn up before that. Maybe 1475. We'll see. One thing for sure ..... a big one month run up deserves some down time, or "breathe out" as Chief says. Interesting point, maybe: today's decline brings us back to that white backbone line in my chart --- right on the nose. I expect we will go below it.

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