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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 (32530)	5/21/2012 3:31:53 PM
From: SGJ	Read Replies (1) \| Respond to of 218639

I think if SPX can rally another 10 points into the close to 1325, I would be ok long with a 1315 stop. I'm also watching to see if that 1310 support holds. Coming back down to kiss it now. Since ES1411, the signature of this correction has been quick bursts up like today, only to be followed by grinding, relentless down. I need to see that this is not another one of those false breakouts. After Friday's action, I really thought we were going to get to your next VP. Some are saying the FB IPO took the markets down, because the big boys needed to raise so much cash to buy it. Now it can go up since they are in now. Some are saying the eclipse and Venus are pulling it up. Some are saying CLX . Some are saying OPEX is over, get back in. Some are saying all that stuff, not me. <g>