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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 670.97+0.1%Nov 7 4:00 PM EST

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To: Blasher who wrote (49633)5/3/2013 3:33:23 PM
From: Fintas2 Recommendations  Read Replies (2) of 218607
 
Blasher you are correct NOT all gaps are filled. Yet MOST ARE. And as I posted earlier I've yet to see a RUNAWAY gap at a record high NOT get filled.

I know I know there are those who will say. THIS TIME IS DIFFERENT.. UH HUH.

As I look objectively re stock prices on my screens or the news of this day. HMM as I was saying to a contact earlier. Did I miss something and unemployment was 4.5%/5.5%/6.5% I could have sworn I read or heard 7.5% and down a tenth.

I also must have misunderstood the employment numbers. I could have sworn they were 175k. I must have been wrong and they were 200k/300k/400k Last I heard to get to 4.5% unemployment higher jobs numbers were needed. Much higher than 175k.

But what the heck, I'll just have to rely on the earnings and ooops I guess I'll have to ignore the guidance that was lower for many.

ALL to say.. I love green but when I see a stock I own gap UP and get to excessive and hit a target I say bye bye or get defensive.

Fintas
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