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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 665.67-0.9%4:00 PM EST

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To: Venditâ„¢ who wrote (46518)2/20/2013 10:04:15 PM
From: Joseph Silent  Read Replies (1) of 218883
 
I was expecting a decline much earlier, and it is left to be seen if today starts one. Here is a chart

of the 2-hourlies. It's anybody's guess how and where we bounce, but ideally I would like to see 1470 +/- 10 points or so before we renew an attack on all-time market highs ..... and I am almost certain we will.

The thin sloping red line is actually a delayed version of how I thought we may decline and even that now looks premature. The eternal male preoccupation. :)

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