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 652.56

-1.5%

Nov 20 4:00 PM EST

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To: Fiscally Conservative who wrote (49369)	4/27/2013 8:23:26 AM
From: Fintas	2 Recommendations Read Replies (1) of 219080

I see a spx momo where the near term, 10 week and 30 week all have dropped. I see the spx sector making a lower high. I see the sectors that have rolled to the left growing from 1 to the teens. I see a spx 1900, 2400, 2900 one day in the future. But the FUTURE is NOT NOW. Thus objectively yes the spx can push a bit higher but to the moon? Or put another way. I can see GE at 60 one day. But to the moon? First it's got to get past 24/27/29 and that's going to take some time. So da chief is one of the best re targets. I agree with the majority. I don't agree with the timeframe. I'll stick with we need a decent retrace before we assault 1900 and higher. IMHO Fintas

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