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 680.44

+0.6%

Dec 19 4:00 PM EST

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To: Peace who wrote (50239)	5/15/2013 11:06:23 AM
From: Fintas	Read Replies (1) of 220483

You are correct re the pause in goog. It's close. Maybe it extends thru OEX and gets excessive but when it's done that high pole SCREAMS sell off or as you present pause. I'd suggest you reconsider your numbers UP and consider the % you suggest. .Where is the peak re it's RSI when viewing it from a PNF chart. I presented it awhile ago. If memory serves me the range is a LOT lower than you consider. Now to get to your numbers. First 972 would have to go. Then 1134 would have to go and then 1190 My work suggests we are very close to another box up in RSI. And there's ONE more above that which is apprx 6% One could do simple math off the 905 ish to determine that's a long ways from 1250 and not enough to get it to 1000.. Here and now any pnfer can see it's extended. The question begs is how far ahead of itself is it re FA, what should it be selling for versus the hype. Let that variable kick in or others and as you say a PAUSE is near. After it pauses then one can get a better feel for HOW high. Fintas

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