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

To: GROUND ZERO™ who wrote (28470)	1/18/2012 1:53:23 AM
From: NOW	Read Replies (1) \| Respond to of 222320

i am with tight stops

To: GROUND ZERO™ who wrote (28470)	1/18/2012 5:29:34 AM
From: Hawkmoon	1 Recommendation Read Replies (1) \| Respond to of 222320

I may be incorrect, but I get the sense that we're getting close to a short term (intermediate?) top in the SP500. Marty Chenard at Stocktiming.com reports that he's not seeing the kind of cash inflows normally associated with a major move to the upside. And we're starting to bang our head against 1300 resistance now. Marty hasn't issued an official sell signal, but he's concerned that this market doesn't yet have what is needed to go higher and break through this resistance level. We'll see what events/news occur in coming days that validate or refute that theory. Hawk