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 695.16

+0.2%

Jan 12 4:00 PM EST

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To: robert b furman who wrote (89786)	2/16/2017 5:29:34 AM
From: GROUND ZERO™	Read Replies (2) of 221654

The measured move from the most recent longer term breakout would take the SP to 2560, that's another 200 points, at the current rate of speed we could get there early next week!!! This doesn't mean it has to reach it or that it's any kind of target or goal, but simply measuring the breakout distance from the biggest price pattern on the chart gives me that number, and looking at the market's performance it seems very reasonable... So, the next long distance bus stop is scheduled for 2560, aaaaaaaaaalllllllllllll aaaaaaaaaboooooooaaaaaaaaaarrrrrrrd!!! Heck, at the current rate of speed, we could arrive there early next week... LOL!!! On the other hand, by the way, this coming weekend is a 3 day weekend, those 3 day weekends do a funny thing to market sentiment... these long weekends often break the momentum of the winning team, we see this in football all the time when the losing team keeps using their remaining time outs in the last few minutes of the game in order to break the winning momentum and stride of the winning team in an attempt to get the ball back... very often it works!!! With a coming 3 days weekend, consider that the bears are calling a time out in hopes of regaining control of the ball... GZ

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