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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 694.04+0.7%Jan 9 4:00 PM EST
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To: Lazarus who wrote (51336)6/5/2013 12:46:46 PM
From: Fintas1 Recommendation

Recommended By
fred woodall

  Read Replies (2) of 221579
 
Ya never lose taking profit.

I'd be looking LOWER than that bottom line and I've presented it. When we were up at the upper lines.

MOST are now seeing what you are seeing. What they are NOT seeing or accepting YET is that the bottom line will be broken. In the meantime those who are good at trading bounces will do well.

That upper channel may turn out to be resistance as ms spx makes it's way to the lower 1512 and then under to the 1458. Which I refer to as a SAFE number. If you think of it, that's but a 145 ish SPY.

Any who pull up a LONG term chart re the SPY will see that.

Any who use PNF and plug in a 54 value box will see it.

Any who understand where we are with the bell curve avg and the move down that will occur will also see the 1458.

Those that don't see it will see it later.

Just as few and I mean few saw 1620 off 675. Da Chief is one who did. Most still didn't see it at 786/810/972. When did MOST see it?

1458. HMMM why is that always popping up. Just as 1324 before it.

GO LONGER TERM with your charts and you should see why.

OR don't.

That's up to you.

Thanks for the chart.

Fintas
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