Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Al Greenleaf who wrote (5876)	6/17/2010 11:07:03 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 223844

Hi Al, excellent question, actually it's 1131.39 in an ideal world, but the futures only trade in tenths, so I rounded it up to 1131.40... okay, you will most likely not find it in the charts, I don't even look at the charts to determine these vertical prices... that price is the point (or price) of maximum stretch this rally can reach without a meaningful correction, and a one or two day pull back is not enough to qualify... If you throw a ball up into the air, how high it goes depends on how forcefully you throw it... at maximum thrust, this current rally can only reach 1131.40, give or take a few ticks, before serious selling will move prices lower... then, we could easily rally higher than 1131.40 and begin a climb to the next vertical price which is then 1241,40, and then 1298.10 where the next top is likely to form in no later than another 12 weeks, in fact the date for that major top will be no later than Friday September 10th... Was this helpful? GZ