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 684.45

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Dec 4 4:00 PM EST

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GROUND ZERO™

To: GROUND ZERO™ who wrote (66565)	12/12/2014 9:15:55 AM
From: fred woodall	1 Recommendation Read Replies (1) of 219661

Daily charts certainly look like a top is forming. I'd love to go long I just don't see anything that I would feel comfortable owning with valuations at these levels with the exception of those sectors that are tanking 3-5% every week. Seems whatever comes out of the ground just continues to get cheaper! I recall Crude dropping below $10 a barrel late 90's. Below production cost. Now talking heads say production cost is around $40. Would be refreshing to see someone in that industry to simply say, "I ain't got a clue".

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