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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 681.92

-0.7%

Dec 31 4:00 PM EST

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To: GROUND ZERO™ who wrote (48602)	4/12/2013 11:30:37 AM
From: Fintas	Read Replies (1) of 221077

Ya know we were there back in 2012 after we had pushed the 1460 area. Back THEN all thought we were going to where we are now i.e near 1600.. Unfortunately they were early. As we now know we came down to the 1340ish. Would have been better to keep on going to the 1270 to build from there. However we were in an election cycle, debt ceiling discussions that in truth were just that i.e discussions. BUT we also had fed determined to NOT let us fall off a cliff and cause all their actions for the previous 3 years to go up in smoke. The FED really feared a recession! At this moment that will not happen. So in came the money once we knew details re LTG etc. Money chases money and to the excess. However as I have pointed out IMO that bought time..That time has allowed for other variables to kick in. Ex banks pass the stress test. While doing that bits of good news here and there. YET in the large picture there are still weaknesses to the world wide structure that will be discussed as we move along. Cyprus is but a shell game. There's more to be learned. That will allow for the selling and the retrace from where we came. NO biggee for we bought TIME. We did get many temp things in place to be support to the down. Retrace to 1300 will be seen for what is it. A retrace. NOT a crash. NOT doom and gloom. If all goes well we retrace and UP again to take out the 1600..go to 1700 etc Until I watch and try to be an objective BULL.. Fintas

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