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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 660.19-0.8%4:00 PM EST

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To: GROUND ZERO™ who wrote (52894)7/16/2013 8:44:37 AM
From: Fintas1 Recommendation

Recommended By
toccodolce

  Read Replies (1) of 218931
 
Here's a use of the word ilk.

Rooney was the light at the end of the tunnel but another ten players of his ilk are needed.
Sun, News of the World (2004)

CLEARLY the above was not meant in a negative fashion.

My use of the word ILk simply identified that he and others did not agree with what I presented re the bell curve avg.

.

While doing so they supported such with general ex and not specifics. I had one say to me I stated the SPX would sell off significantly be the end of the summer. To which I responded would you please show me where I said that. To date, no response. Want to know why? Because I never said that.

Any time someone from afar is telling me what I'm doing.when and how and not knowing falls into the statement of CLUELESS.. How do you learn? You don't learn by taking shots at the person who KNOWS what he is doing, where he is positioned etc. I CAN ASSURE THIS BOARD I DO NOT expect SPX to be at 1350 THIS YEAR.

RE BOUNCES. I've never seen such reaction to a WORD. Again over the past few years and yes a bull market there have been MANY bounces that have FAILED on the way to 1687. It's clear to any who are objective and look at a stock or index. I've put up ex upon ex yet for what ever reason the emotional side kicks in versus the facts. HOW many times did GE fail trying to get to 24. NONE it has a thing to do with my LONG term view of GE. YET as a owner of GE I could see the FAILURE and play it accordingly either via a covered call OR to buy the CALL for the next BOUNCE UP. AGAIN HOW MANY TIMES did ms spx FAIL at 1324?

WHY you continue to react to such is a surprise to me. Especially since your work allows for all types of movement. UP DOWN UP DOWN UP DOWN..

Whatever, we will see many bounces that will FAIL as we move higher to 1944/2430/2914. NUMBERS I put up LONG AGO. So for those who continue to say I don't see UP the statement is FALSE. I had to see UP to buy core LONG. I MUST see UP to hold core LONG.

But that doesn't mean I don't see a retracement in a stock, an index or a commodity. I DO.

And I play it accordingly.

I stand by ALL of my numbers. UP and down.

I'm not sure which is more fun. Arguing with a bear that a bottom has been put in and a stock is going to move higher. EX BAC Or some stock is not going BK.. EX WDC GLW, SUNW, AMZN, NFLX. GE.

OR debating with a BULL that a stock has reached it's near term peak and a covered call should be sold or a stock has reached it's target and should be sold. EX APPLE

2014 will not be fun for the spx and dow. JUST as GOLD has not been fun for those BULLS who did not accept 1220 from 1900.

ALL bulls can do what they want. THIS BULL is positioning accordingly.

ALL IMHO and have a good day.

Fintas
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