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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: Chip McVickar who wrote (51719)6/12/2013 11:10:13 PM
From: Fintas1 Recommendation

Recommended By
dealmakr

   of 220467
 
YUP yes we do share some downside numbers.

I've been hearing more and more now mentioning what we saw a bit ago. As we move along those who are now mentioning it will also lower their numbers.

I can see a few ways to get there and long before summer is over. Let's not forget summer doesn't begin till June 21st if I remember. So lots of time to run it towards 1600 or heck bounce it up again to then run it down and UNDER. Once we get under 1590 certain PNF numbers will kick in to let it continue to the 1565 and as another posted today the 1545. I'd bet ol chartseer can see that drop.

WHERE it's going to be fun is yes we will see a bounce as many try to stop it. They will be drooling but a funny thing is going to occur. FA 101 and WORLD 101 will kick in and the bounce back to the 1600 at some point will FAIL.. and then come under to lower numbers I have presented you may see but not yet committed. YET!!!!

IT's coming.. 1530/1512/1478/1458/1405 and OH crap 1300's.

Oh NO I've turned into a bear. NAH.. I'm a BULL that understands before one can continue up ya got to put in a rock solid floor to lift as we did from 1134/1200/1260. REMEMBER we were but 1266 a bit more than a YEAR ago. This rally has been built on the HOPE of great things. Truth is it was supported by a FED that all know will being to taper at some point and when it does MOST have NOT accepted yet that the REASON they held the pedal down for so long is because things stink. 7.6 unemployment is NOT a good number and any worth their salt KNOW IT. Neither is 175k jobs or 2-3% GDP. I don't give a crap how much money is on the sidelines. At some point in time Benjamin Graham 101 kicks in.

Those who do think the before mentioned are great numbers aren't submitting any budgets to me and getting approval. Maybe those with large stakes involved will sell the things are getting better but not to the point it supports the valuations they put on a DB HORTON, etc. SMILE

So let's see how it plays out.

And every time I hear some bad news instead of defending things to the UP as I usually do. I now say. AH HECK TAKE IT DOWN.. DOWN DOWN..

While doing so say BUY BUY BUY to those who don't have a grasp of FA and the sequence of numbers.

IMHO

.OH and after all that...They will take it DOWN..Forget the range trading. They will suck many in and then collapse it. As they do I will be smiling a cheshire grin.

Fintas
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