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 690.38

+0.4%

Dec 24 4:00 PM EST

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To: penthouse mike who wrote (50380)	5/19/2013 6:01:34 AM
From: GROUND ZERO™	Read Replies (1) of 220651

This may only be the beginning of this rally... what changed my thinking is this past week's break out of the past 14 year trading range... this market has apparently broken out above the past 14 years trading range... so, what we may see now is an accelerated rally fueled by all those who had been waiting for the traditional pull back and by all those who still have not yet bought into the rally, not to mention all those who went short expecting a top when reaching to 2000 and 2007 highs... certainly, a top could very easily have occurred, especially with the "sell in May" mantra going around right now... I also had every expectation that this rally was over... but, a top didn't happen and the charts never lie... while all the traditional indicators are still constantly showing overbought, these indicators can easily remain overbought for a very long time while this market still continues higher... The U.S. Dollar has also broken out of a very broad trading range this past week... if the dollar rally continues, then we should also see the bonds take a more dramatic decline, and very quickly... But, all in the fullness of time we'll see if any of this is really the case... GZ

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