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 675.37

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4:00 PM EST

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To: GROUND ZERO™ who wrote (49913)	5/9/2013 1:33:08 PM
From: Fintas	Read Replies (2) of 218380

GOOGLE is looking at a 19 box count UP. It's RSI via spxew is at a 34.5 ish. If it gets to 38.5 ish that would put in a double top. HMM did I say it's up 19 straight x's using a 4 point box. There's a box that looks like it could be hit at 36.2. That says to me. 5%-9% OR we begin to roll over and if so then I'd be expecting 28 or 29 to the down re that RSI. Do the math. Does it drop from the 36.2 as it forms a triangle or does it double top at teh 38.5.. OR as some HOPE it just keeps on going to 1000. HMM did I mention it's UP 19 STRAIGHT boxes with a 4 point value box. OK OK what if I look at it differently with a large box. OK I just did...891/918 but..Sorry no 1000 for a while. 3 MONTHS. Doubt it as it will eat up time to the down.. re that down as I said do the math to see what it takes to get from a 38.5 or a 36.2 to a 28/29 and then back test with a 27/54/81 box. If you do you will see a possible realistic pullback for Google. ALL to say re GOOGLE here and now. The % up do not warrant the risk down. IMHO Fintas

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