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

To: Gary105 who wrote (32591)	5/23/2012 6:07:26 AM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 218833

I realize your question was directed to Bob, but if the SP's close above 1279.70 a week from today, on May 30th, then that would confirm a new buy signal... if that happened, my hunch is that no one is going to believe it... it could make for a powerful rally... but first, we have to see that close, otherwise the selling is more than likely to continue... I have much lower VP's already calculated, but last week those much lower VP levels just seemed to far away to believe or to take seriously... GZ

To: Gary105 who wrote (32591)	5/23/2012 6:07:44 AM
From: robert b furman	3 Recommendations Read Replies (1) \| Respond to of 218833

Looks like a weak negative market out through the next 2-3 weeks. I think we will take a long grind down that confirms the momentum bottom we saw last friday. This week was the bounce up from last friday. Now we grind and dip. A long slow grind we need to gut through. Bradley date in 6/12 may mark a reversal period. Options expiration in June will get stock - if you lowball near the money puts. July will give you money - but not stock. July may be last chance for a rally - and then uncertainty regarding election /taxes/dividends taxmeggeddon noise. If I hear more about Greece - I want to puke.But it shows where the impasses are - I guess.So far they've been given debt haircuts and who doesn't like free money.Their threat to leave is BS. Bob