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 694.04

+0.7%

Jan 9 4:00 PM EST

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To: Augustus Gloop who wrote (46018)	2/12/2013 7:51:48 PM
From: Fintas	Read Replies (1) of 221579

I wouldn't be surprised to see 21.06. So if you size in, save some powder.... I do see your 24.70 ish but what I'm looking at suggests it may go lower. WHY? It will change it's patter to 0's re RS at 1.13 and will stop at either 1.06 or 1. That means It has to get a bit lower than that 24.75 to turn. It SHOULD. Once it does that it will NOT stop on a dime. They rarely do. Thus the continuation down to either a RS of 1.06 or a RS of 1. With it being at RS 1.16 ish at the close that's enough to get to the 22.68 and underneath that 21.06. . That's what I'm seeing. Now to see if it comes to fruition. As for the buy. A closer look at that RS would have suggested it was running out of room to the upside. JUST MY HUMBLE OPINION.. Fintas

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